Throughout 2022, Nasdaq maintained an IPO win charge of 89%, extending its management to 36 consecutive quarters. In complete, Nasdaq welcomed 156 corporations to the market this yr, together with 85 working corporations and 71 particular goal acquisition corporations (SPACs), elevating a complete of $14.8 billion, in addition to 29 change transfers. The continued success of Nasdaq displays our ongoing funding in shopper success as a trusted dwelling for a few of the most progressive corporations in the marketplace.
This yr was difficult throughout industries, with the geopolitical uncertainty and rising rates of interest to curb inflation. However amidst these challenges, Nasdaq nonetheless had a lot to have fun, with 74% of all proceeds raised by IPOs being listed on Nasdaq, together with seven of the highest 10 largest IPOs by proceeds raised this yr, of which three had been ranked within the prime 5.
The highest three of the biggest listings on Nasdaq this yr embrace:
- TPG (TPG) – A pacesetter within the various asset house, TPG manages $135 billion in belongings by a principled deal with innovation.
- Mobileye (MBLY) – Mobileye is driving the worldwide evolution towards a wiser, safer driverless future with pioneering core expertise for autonomous automobiles.
- Screaming Eagle Acquisition Corp., SPAC (SCRM) – A Particular Objective Acquisition Firm (SPAC), that seeks to convey worth to shareholders by mergers and enterprise mixtures.
Alongside Screaming Eagle Acquisition Corp., Nasdaq continued its success within the SPAC market, welcoming 86% of all SPAC IPOs, elevating $9.7 billion. Notably, a complete of 68 SPAC enterprise mixtures listed on Nasdaq this yr, representing a 72%-win charge within the U.S., together with the biggest SPAC combo swap of 2022, Selina (SLNA). Nasdaq additionally maintained its dominance within the healthcare, client and expertise sectors with win charges of 93%, 94% and 95%, respectively.
Nasdaq’s constant listings dominance yr after yr is because of our focused funding in modernizing the capital markets. As a part of our effort to enhance the listings course of, the U.S. Securities and Change Fee not too long ago authorised Nasdaq’s proposal to optimize present guidelines for a direct itemizing with a capital elevate. The primary-of-its-kind rule permits an organization to promote shares within the opening public sale on Nasdaq at a worth outdoors of the vary of their registration assertion—as much as 20% under and 80% above. Based on Nelson Griggs, President of Nasdaq Inventory Change, this new rule “offers corporations with extra flexibility to hitch the general public markets and attain buyers.”
Whereas enhancing the listings course of, Nasdaq additionally celebrated a number of essential itemizing anniversaries, together with:
- Utilized Supplies (AMAT) – 50 years
- Fastenal (FAST) – 35 years
- Mercado Libre (MELI) – 15 years
- Lululemon (LULU) – 15 years
- Mondelēz Worldwide (MDLZ) – 10 years
- Workday (WDAY) – 5 years
Nasdaq believes our efforts will proceed our listings management into 2023 and past.
“We consider there’s a sturdy pipeline of corporations heading into subsequent yr which are ready for his or her window of alternative to transition to the general public markets,” mentioned Griggs.
