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2018 IPO Recap: A Note from Nasdaq Stock Exchange President .

We are proud to be the leading U.S. exchange in total IPOs for the 20th consecutive quarter

2018 IPO Recap: A Note from Nasdaq Stock Exchange President

By Nelson Griggs / President, Nasdaq Stock Exchange

This year has been an exceptional year for the U.S. IPO market and our listings business. Not only did we welcome numerous high-profile IPOs, we continue to attract exchange transfers across all sectors.

Nasdaq has extended its IPO leadership to 20 consecutive quarters in the U.S. with a 72 percent win rate. We welcomed 186 initial public offerings (IPOs) and 20 exchange transfers this year, and I’m proud to have them join our community of innovative listed companies.

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Seven of the ten largest technology IPOs by proceeds raised chose to list on Nasdaq, including iQIYI, Pinduoduo, StoneCo Ltd, Dropbox and DocuSign. The technology sector, with 33 IPOs in 2018, led the U.S. in 2018, raising $10.6 billion on Nasdaq.

Driven by biotechnology and pharmaceutical sectors, healthcare listings momentum continued to build, with 83 percent of U.S. healthcare initial public offerings on our market. Moderna raised over $600 million in its Nasdaq IPO, making it the largest venture-backed IPO in history.  Nasdaq is proud to partner with healthcare companies like Moderna as they transform medicine and help to improve the lives of patients around the world.

Following a record-breaking year of 2017 exchange transfers, we continue to validate our long-term commitment to listed companies across all sectors at various stages of their growth journeys. A total of 20 companies joined Nasdaq from the New York Stock Exchange (NYSE), with a combined market value of $256.2 billion. Notable transfers include Regency Centers, WW (formerly Weight Watchers), Newell Brands and United Continental Holdings. Additionally, Sanofi and Alliant Energy announced their upcoming switches to our market. The total market value of all companies joining Nasdaq from NYSE in recent years exceeds $1.5 trillion.

As we look ahead to 2019, we remain committed to improving our offering and delivering value to our listed clients. We will soon open our expanded MarketSite facilities in Times Square, which includes our new 10th floor event space and 2,100 square foot outdoor terrace above the Nasdaq Tower. And we continue our public policy advocacy efforts to improve the public company model and foster more efficient capital markets.

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Our results in 2018 speak to the long-term commitment we have to our listed companies.  We’re with them throughout their growth journey, and we look forward to continuing the momentum in 2019.

Congratulations to all our recent listings. Watch highlights of the innovative companies who joined our market in the video recap below.

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