Nasdaq Inc is set to surpass rival New York Stock Exchange (NYSE) in initial public offerings (IPO) in the current year that has seen companies raise huge capital.
- Nasdaq was able to raise a total of $191.38B through IPOs in 2021 compared to the $109.25B raised at the NYSE.
- Over the years leading to 2019, NYSE had a dominant position for new listings. From January 2021 to date, 686 companies were listed on the Nasdaq, as 265 were listed on the NYSE.
- The frenzy at Nasdaq was attributable to a number of high-profit stock market debuts, including Amazon-supported EV maker Rivian Automotive Inc, the largest IPO of 2021.
- Out of the capital raised, special purpose acquisition company (SPAC) IPOs amounted for $96.76B of the haul at Nasdaq as traditional IPOs raised $94.63B.
Nasdaq is set to end the year with the highest number of exchange listings in the U.S. in two decades.