Exchange Titans NYSE And Nasdaq Square Off Over New Listings In Reviving IPO Arena
Portfolio Pulse from AJ Fabino
The New York Stock Exchange (NYSE) and Nasdaq Inc (NASDAQ:NDAQ) are competing for new stock listings, indicating a revival of the IPO market. Nasdaq has secured listings for Instacart and Arm, while NYSE has secured Klaviyo and Birkenstock. The competition between the two exchanges is a significant indicator for investors, suggesting a potential influx of IPOs and a shift in the investment landscape.
August 09, 2023 | 6:47 pm
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POSITIVE IMPACT
Nasdaq's aggressive pursuit of new listings, including Instacart and Arm, indicates a potential resurgence in the IPO market. This could positively impact Nasdaq's revenue from listing fees.
Nasdaq's revenue is partly derived from listing fees, which can be up to $500,000 annually per company. The resurgence in the IPO market and Nasdaq's successful acquisition of new listings could therefore significantly boost its revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100