Nasdaq (Nasdaq: NDAQ) welcomed 94 new listings to its Nordic markets* in 2016, including both large cap IPOs and a particularly strong inflow of small and medium sized companies (SMEs). The activity level is similar to what Nasdaq experienced during the record year of 2015.
“At a time when IPO markets globally have been slow, Nasdaq Nordic has maintained its position as the leading hub for new listings across Europe,” said Adam Kostyál, senior vice president and head of European listings, Nasdaq. “We have spent several years working with key stakeholders to further improve the Nordic IPO climate, and the current activity level confirms that the model we have created together works.”
Nasdaq’s growth market, Nasdaq First North, celebrated its 10th anniversary in 2016 by welcoming 63 new Nordic and international growth companies, of which 10 listed in the Nasdaq First North Premier Segment. Together, the Nasdaq First North listings raised 610 million EUR in 2016.
“What makes the Nordic region unique in an international perspective is our ability to help SMEs raise capital in the public market,” said Adam Kostyál. “It has been particularly exciting to see an increased interest and activity level from non-traditional sectors this year, including tech, gaming and biotech. Providing entrepreneurs with better access to the capital markets was the very reason for launching Nasdaq First North in 2006.”
31 new listings took place on the main market, including 7 transfers from First North. The largest IPO was DONG Energy (capital raised: 2.3 billion EUR), followed by Nets (2.1 billion EUR) and Ahlsell (0.6 billion EUR). All three are included in the Top 10 list of the largest IPOs ever at Nasdaq Nordic.