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Nasdaq Leads Switches Across All Sectors .

Nasdaq’s community of listed companies continued to grow in 2018, with 20 switches to our market announced, joining the exceeded $1.5 trillion in market cap of transfers in recent years.

Nasdaq Leads Switches Across All Sectors

By J.R. Mastroianni / Vice President, Listing Services

Switch and Sector Success

Following a record-breaking year in 2017 for exchange transfers, Nasdaq welcomed a total of 20 announced switches in 2018 from the New York Stock Exchange (NYSE), with a combined global market value of approximately $256.2 billion.

Earlier this week, Sanofi and Alliant Energy announced that they will transfer their stock listings to our market. They will join leading companies from across all sectors who have recently switched to our market—including consumer discretionary, technology, real estate, financial services, healthcare, industrials, and utilities.

Sanofi, a global biopharmaceutical company with a market cap of $108 billion, will transfer the listing of its American Depositary Shares (ADS) to Nasdaq. With more than 100,000 people in 100 countries, Sanofi is dedicated to supporting people through their health challenges and transforming scientific innovation into healthcare solutions around the globe.

Alliant Energy chairman and CEO Patricia Kampling commented on their announcement: "Alliant Energy is thrilled to join the many innovative, creative and consumer-focused companies on Nasdaq. Our partnership with Nasdaq will enable us to leverage their technology platform, target new investors and continue to provide excellent service to our shareowners."  

When considering our long-term partnership, companies believe strongly in our superior market model, advisory and intelligence tools, strong visibility platform, and possible Nasdaq-100 index inclusion opportunities. Notably, many companies can benefit from our more predictable all-inclusive fee structure that aligns with the growth and success of their businesses. We also remain exceptionally focused on issuer advocacy for all public companies, including our initiative to revitalize the U.S. capital markets.

In recent years, more than 300 companies worth over $1.5 trillion in market cap have switched to Nasdaq, including PepsiCo, Newell Brands, United Airlines, Regency Centers, Xcel Energy, and Workday. 

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Nasdaq welcomed a total of 20 announced switches in 2018 from the New York Stock Exchange (NYSE), with a combined global market value of approximately $256.2 billion.

Commenting on Nasdaq’s overall new listings strength in 2018: “Not only did we welcome numerous high-profile IPOs, we continue to attract exchange transfers across all sectors,” said Nelson Griggs, President, Nasdaq Stock Exchange. “These results speak to the value of our holistic approach—a long term partnership that supports companies throughout their growth journey, from the first day of trading through our technology and advisory services to engage investors and the investment community.”

Nasdaq MarketSite Expansion: Enhanced Client Experience

To provide additional event and visibility opportunities for our clients, in 2019 Nasdaq’s MarketSite in Times Square will expand to include our new tenth floor event space with a 2,100 square foot outdoor terrace above the iconic Nasdaq Tower. The expanded space will enable clients to host 400 guests for their corporate events.

Nasdaq Launches Corporate Bond Exchange

To further support our listed companies, we recently launched the Nasdaq Bond Exchange. The offering allows public companies to list their debt securities in a more cost effective way, using Nasdaq trading technology and surveillance. This past month, both PepsiCo and Walgreens announced the transfer of their debt security listings to Nasdaq’s Bond Exchange. 

To learn more about the specific advantages a Nasdaq listing could provide to your company, contact me at jr@nasdaq.com.

J.R. Mastroianni is Vice President, Listing Services at Nasdaq. In this role, Mr. Mastroianni oversees advising publicly traded companies not on our exchange on the benefits of becoming Nasdaq listed. During Mr. Mastroianni’s tenure he and his team have attracted many industry leading companies to transfer to Nasdaq including Marriott International, Viacom, Hasbro, PepsiCo, The Kraft Heinz Company, Walgreens Boots Alliance, and Analog Devices.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security, sector, or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding sector performance and specific companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

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