The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it has welcomed over 100 initial public offerings* (IPO) to the NASDAQ Stock Market in 2013 year-to-date, more IPOs than any other U.S. exchange. This marks the first time NASDAQ has passed this milestone since 2007, when 154 IPOs were completed by year-end. The combined proceeds raised by NASDAQ's 102 IPOs in 2013 year-to-date total more than $12.5 billion.
"The more than 100 new companies to list on NASDAQ this year represent visionaries and innovators from a diverse range of industries," said Bruce Aust, Executive Vice President, NASDAQ OMX. "By continuing to partner with such dynamic companies, NASDAQ fuels greater investment and confidence in the public markets to support robust economic growth."
The 102 IPOs listed on NASDAQ in 2013 year-to-date compares to 63 IPOs from the same period last year, a 60% increase. Especially noteworthy in 2013 has been sustained momentum from the technology, biotechnology and financial sectors. Some of the largest and best-performing technology IPOs this year have occurred on NASDAQ, including GoGo Inc., West Corp., FireEye and Rocket Fuel.
In addition, 97 percent of all biotechnology IPOs in 2013 have listed on NASDAQ and we have also seen an increase in venture capital and private equity-backed listings this year. Approximately 72 percent of venture capital-backed IPOs list on NASDAQ and several notable private equity-backed companies made their IPO on NASDAQ this year.
*Includes the following capital raising events: IPO, REIT, Best Effort and Spin-offs