Nasdaq announced that it welcomed 108 initial public offerings (IPOs), which raised a total of $12 billion, in the first half of 2022.
The number of firms and SPACS listed on the platform in Q1 2022 represented an 87% increase in the US market. It also shows an increase in the number of new registrants on Nasdaq, which has led to the 34th straight quarter in the U.S.
6 IPOs Moved Their Listings To Nasdaq In Q1 2022
Apart from the IPOs, six firms moved their cooperate listings from other platforms to Nasdaq, which represents a combined market value of $8.6 billion.
Although the year started much slower than expected, more companies are now gearing up to launch their brand via IPO before the end of the year. For many companies, Nasdaq provides a solid exchange platform, especially for those transitioning to the public due to the support through the IPO process.
The President of Nasdaq, Nelson Griggs, stated that the exchange’s commitment has helped a lot of companies to transition to the public, helping them to navigate the entire process through its life-cycle solutions.
Nasdaq Sets To Acquire Metrio
In a recent announcement, Nasdaq said it plans to acquire Canada-based Metrio. Nasdaq says the acquisition will expand its goals on ESG solutions by integrating Metrio’s software-as-a-service (SaS) platform.
The acquisition of Metro also shows the commitment of Nasdaq to enable clients to better manage and unlock the value of their data. According to the Senior Vice Preside3nt of ESG Services at Nasdaq, the platform will complement the end-to-end suite of the company. This will ensure the sustainability of reporting solutions.
Additionally, he stated that the integration of the platform will speed up the ability of Nasdaq to support corporate clients that want to improve their reporting technology throughout the various levels of ESG.
Founder and Chief Executive Officer of Metrio, Patrick Elie, stated that the company’s team is excited about the integration and the market-leading reporting solution that the company has developed over the last ten years.