Press release
Nasdaq Welcomes 66 IPOs in the First Half of 2024
Featured the largest U.S. company IPO and switch Nasdaq IPO Pulse Index signals positive outlook for remainder of 2024 NEW YORK, July 02, 2024 (GLOBE
About this update from Nasdaq, Inc.
[{"type":"text","content":"Featured the largest U.S. company IPO and switch Nasdaq IPO Pulse Index signals positive outlook for remainder of 2024 NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) announced today that in the first half of 2024, it welcomed 66 initial public offerings (IPOs), raising a total of $8.7 billion. A total of 53 operating companies and 13 SPACs listed on Nasdaq during the first six months of 2024, representing a 71% win rate of Nasdaq-eligible operating company IPOs in the U.S. market, and extending Nasdaq’s leadership to 42 consecutive quarters. In addition to the IPOs, 7 companies transferred their corporate listing to Nasdaq, including Science Applications International Corp (SAIC), the largest exchange transfer so far this year, representing $7.4 billion in market cap. “The first half of the year has been off to a strong start with several high-profile and sector-defining listings, and we are proud to be the exchange of choice for the largest U.S. company IPO, switch from another exchange, SPAC listing, and SPAC combination,” said Karen Snow, Global Head of Listings at Nasdaq. “Looking back at the second quarter of this year, IPO market activity reached its highest level for the first time in nearly three years. The recent listings volume is consistent with our recently launched IPO Pulse index that suggests listings momentum should remain in an uptrend in the coming months.” A video accompanying this announcement is available at: https://vimeo.com/nasdaq/2024-midyear-listings 2024 FIRST HALF NASDAQ U.S. LISTINGS HIGHLIGHTS U.S. listings market leadership: Nasdaq welcomed 66 IPOs, raising $8.7 billion. Marquee listings include Waystar (largest U.S. company IPO), Kaspi.kz (first IPO and dual listing from Kazakhstan), and Astera Labs (largest semiconductor IPO on a U.S. exchange). Additionally, Nasdaq featured 7 switches in the first half of 2024, totaling $9.6 billion in market cap- including the largest exchange transfer on a U.S. exchange year-to-date with Science Applications International Corp (SAIC).Leading U.S. exchange for healthcare, technology and biotech IPOs: Nasdaq maintained its strong track record in the healthcare, technology and biotech sectors. Further, 100% of eligible biotech companies listed on Nasdaq, including CG Oncology, the largest biotech listing so far this year. Other sector-defining ...