The Nasdaq Stock Exchange has had 262 new listings so far in 2017, including 133 initial public offerings (IPOs) and a record-setting 33 transfers.
Among the most notable IPOs in 2017 are Roku, Redfin, CarGurus, National Vision, Denali, and Hamilton Lane.
In 2017, the total market value of all companies joining Nasdaq from the New York Stock Exchange (NYSE) since 2005 is about $1.2 trillion dollars. This year, Nasdaq saw 33 switches, including 12 companies and 21 exchange traded products (ETPs), with a total market value of approximately $379.8 billion. This is the most transfers they’ve had in a year.
Transfers included PepsiCo ($165.8B market cap), Principal Financial Group ($20.6B market cap), Workday ($21.8B market cap), Brookfield Property Partners ($15.4B market cap), Xcel Energy ($25.7B market cap) and Visteon ($4B market cap).
“Since 1971, Nasdaq has supported many of the world’s most innovative and admired companies and we couldn’t be more proud to be the long-term partner throughout all stages of their journeys – before, during and after the IPO,” Nelson Griggs, Nasdaq Stock Exchange president, said. “This year, we welcome the next generation of entrepreneurs and some of the most recognized global brands to the Nasdaq family, while celebrating milestones of Nasdaq listed companies including Amazon, Starbucks, and Celgene. Their achievements are the cornerstone of our nation’s economic growth, delivering breakthrough innovations in technology, medicine, entertainment and all areas that impact our daily life.”
Amazon.com, Inc. (ticker: AMZN) listed on May 16, 1997, when it opened at $18 per share. Today it is trading above $1,000 per share.
Starbucks Corporation (ticker: SBUX) listed with Nasdaq on July 2, 1992, when it had 165 stores. Now it has over 26,000 around the world.
Netflix, Inc. (ticker: NFLX) listed on May 23, 2002, when it was a video mailing service. Today, Netflix has 100 million subscribers has helped transform the entertainment industry with its original content.