Welcome to our dedicated page for Nasdaq news (Ticker: NDAQ), a resource for investors and traders seeking the latest updates and insights on Nasdaq stock.
Nasdaq, Inc. reports developments across its market infrastructure, index, data, listings and financial technology businesses. Company news commonly covers monthly trading volumes, quarterly volume and listings statistics, earnings releases, dividend announcements, and operating trends in divisions such as Financial Technology.
Nasdaq updates also include changes to the Nasdaq-100 Index and other Nasdaq Global Indexes, trading halt and resumption notices from The Nasdaq Stock Market, and corporate governance or capital-structure matters. Its financial technology activities include solutions tied to capital management, financial crime and regulatory compliance software.
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Nasdaq, Inc. (NDAQ) and Bolsa Electrónica de Chile (BEC) announced an agreement for BEC to upgrade its trading technology to Nasdaq's cloud-based Marketplace Services Platform by the end of 2024. This move marks BEC as a pioneer in Latin America’s cloud migration, enhancing its operations and scalability. This partnership, developed over a decade, aims to modernize global market infrastructure. Recent research indicates 67% of capital market firms will be cloud-first by 2024, showing a strong trend towards cloud technology adoption.
Nasdaq (NDAQ) and Dhaka Stock Exchange (DSE) have extended their partnership, enhancing DSE's trading technology with an upgrade to Nasdaq's X-stream INET platform. This initiative aims to support increasing trading activity while preserving market integrity. DSE's evolution includes the launch of an Alternative Trading Board and a thriving SME market, processing around 400,000 trades daily across 650+ listed securities valued at $73 billion. The upgrade is seen as crucial for DSE's goal to become a leading regional exchange and enhance investment opportunities.
The Nasdaq Stock Market announced the delisting of several companies, including Tuscan Holdings Corp. II, Clovis Oncology, Inc., ZyVersa Therapeutics, Inc., Otonomy, Inc., and Forward Pharma A/S. Securities for these companies have been suspended since late 2022 and have not traded on Nasdaq. Nasdaq will file a Form 25 with the Securities and Exchange Commission to finalize the delistings, which are effective ten days post-filing. For additional details, companies' public filings should be reviewed.
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The Nasdaq Stock Market has announced the delisting of several companies due to trading suspensions. PhaseBio Pharmaceuticals, Inc. was suspended on November 3, 2022, Zovio Inc. on November 10, 2022, Fast Radius, Inc. on November 18, 2022, and Kismet Acquisition Three Corp. on November 21, 2022. Nasdaq will file a Form 25 with the SEC to finalize these delistings, which will take effect ten days after the filing. Investors are advised to review the companies’ public filings for further information regarding the delistings.
Nasdaq, Inc. (NDAQ) has appointed Adena T. Friedman as Chair of the Board of Directors, effective January 1, 2023. She will maintain her role as CEO, succeeding Michael R. Splinter, who becomes Lead Independent Director. Friedman has been with Nasdaq since January 2017, driving its strategic direction and operational performance. The Board supports this leadership transition, expecting enhanced execution of Nasdaq’s vision as a global technology firm in financial markets. Splinter will continue to play a significant role with responsibilities including overseeing performance evaluations.
Nasdaq (NDAQ) announced the resumption of trading for Pingtan Marine Enterprise Ltd. (PME) at 11:00 a.m. Eastern Time on December 19, 2022. The trading was previously halted on December 9, 2022, at 09:14:21 a.m. Eastern Time. This resumption indicates a return to normal market activity for PME, which may affect investor sentiment and trading strategies.
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In 2022, Nasdaq (NDAQ) maintained its leadership in the U.S. IPO market, welcoming 156 IPOs and raising $14.8 billion. This marks the fourth consecutive year of being the leading exchange by both number of IPOs and proceeds. Notably, the SEC approved Nasdaq's optimized rules for direct listings with capital raises, enhancing market entry flexibility for companies. Nasdaq also showcased strength in sectors like healthcare, consumer, and technology, achieving high win rates. Seven of the ten largest global IPOs were listed on Nasdaq, comprising 74% of total IPO proceeds.