Nasdaq Leads Over NYSE in IPO Listings, Drawing Major Tech and Global Firms in 2023
Portfolio Pulse from Nabaparna Bhattacharya
Nasdaq, Inc. (NDAQ) is leading over the New York Stock Exchange in IPO listings for the fifth consecutive year, having raised $13.6 billion from IPOs in 2023 compared to NYSE's $10.4 billion. Notable Nasdaq IPOs include Arm Holdings Plc (ARM), Maplebear Inc. (CART), and Nextracker Inc. (NXT). The NYSE attracted Kenvue Inc. (KVUE), Birkenstock Holding PLC (BIRK), CAVA Group, Inc. (CAVA), and Klaviyo, Inc. (KVYO). Nasdaq's competitive listing fees and appeal to tech and global firms are seen as strengths. NDAQ shares rose 0.60% to $57.39.
December 26, 2023 | 6:55 pm
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POSITIVE IMPACT
Arm Holdings Plc had the largest IPO on Nasdaq in 2023, raising $5.2 billion, which may positively influence its stock performance.
As the largest IPO of the year on Nasdaq, ARM's successful capital raise is a significant milestone that could attract investor interest and drive up its stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Birkenstock Holding PLC's choice of NYSE for its IPO may reflect confidence in the exchange, potentially influencing its stock positively.
Birkenstock's IPO on NYSE could be seen as a strategic move, leveraging the exchange's reputation and possibly leading to a favorable stock price movement.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Maplebear Inc.'s IPO on Nasdaq could signal investor confidence and potential growth, possibly impacting its stock price positively.
Maplebear's entry into the public market via Nasdaq could be seen as a positive development, reflecting investor confidence and the company's growth prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
CAVA Group, Inc.'s IPO on NYSE could attract investor attention to the fast-casual restaurant sector, potentially impacting its stock.
CAVA's public debut on NYSE may draw investor interest to the fast-casual dining space, which could translate into positive stock price action.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Kenvue Inc.'s IPO on NYSE as the second-largest in 2023 could bolster its stock, despite NYSE trailing Nasdaq in total IPO funds raised.
Kenvue's significant IPO on NYSE, despite the exchange's overall lower IPO funds compared to Nasdaq, could still be a positive driver for its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Klaviyo, Inc.'s IPO on Nasdaq could benefit from the exchange's tech focus, potentially leading to a short-term stock price increase.
Klaviyo's IPO on Nasdaq may capitalize on the exchange's reputation for tech listings, which could positively influence its stock price in the near term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Nasdaq, Inc. leads in IPO listings for 2023, raising more funds than NYSE and hosting major tech IPOs, contributing to a 0.60% rise in its stock price.
Nasdaq's success in attracting IPOs, especially in the tech sector, and its competitive listing fees are likely to be viewed positively by investors, contributing to the rise in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nextracker Inc.'s Nasdaq IPO adds to the exchange's tech portfolio, potentially boosting its stock price in the short term.
Nextracker's IPO on Nasdaq aligns with the exchange's strength in tech listings, which could lead to increased investor interest and a positive stock price impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70