FAfter a record number of initial public offerings (IPOs) in 2021, the Nasdaq continues to dominate listings for the 33rd consecutive quarter, with an 87% success rate in the first quarter. In the first three months of 2022, Nasdaq welcomed 70 new listings, raising a total of $9.1 billion, more than four times the amount of the New York Stock Exchange (NYSE).
Eight of the new listings were in the top 10 IPOs by proceeds raised, including private equity firm TPG (TPG), which raised more than $1.0 billion, special purpose acquisition firm ( PSPC) Screaming Eagle Acquisition Corp. (SCRMU), which raised $750 million, and blank check company Gores Holdings IX, Inc. (GHIXU), which raised $525 million.
Of the 70 new listings, 43 were SPACs, which raised a combined total of $6.8 billion.
During the first quarter, we also celebrated some of our other significant listings, including Virgin Orbit, the satellite launch company founded by Richard Branson, which partnered with NextGen Acquisition Corp. II in late 2021. Virgin Orbit rang the opening bell in January, bringing LauncherOne, one of its 70-foot-long rockets, to Times Square.
Additionally, WISeKey (WKEY), a Nasdaq-listed global cybersecurity company that deploys large-scale digital identity ecosystems for people and things using Blockchain, AI and IoT, expanded into North America and launched its Pico satellites with Space X.
Meanwhile, in Europe, Nasdaq honored its first four companies Green Equity Designations of 2022, a Nasdaq initiative to increase transparency and visibility for investors seeking sustainable investments. This included Nasdaq’s first-ever “green IPO,” with re-fashion company, Rebelle, applying for a green designation before going public.
Thanks to its online marketplace, rebel.comthe company improves circularity within the fashion industry while educating customers about sustainability, enabling the purchase and sale of luxury second-hand fashion accessories from elite fashion brands like Louis Vuitton, Chanel, Gucci, Hermès, Prada and more.
“Our first companies with a green designation are already telling us how our designation has helped them tell a clearer environmental, social and governance (ESG) story to their investors, employees and departments,” said Adam Koystal, Head of European listings on the Nasdaq.
With Black History Month and Women’s History Month celebrated in the first quarter, Nasdaq hosted panels that highlighted the diversity of the Nasdaq stock market, including a meeting with President, Founder and CEO of Taysha Gene Therapies (TSHA), RA Session II, who described how the company is working to eradicate monogenic diseases of the central nervous system (CNS) through pioneering gene therapy biotechnologies .
For Women’s History Month, Nasdaq highlighted Mei Mei Hu, JD, co-founder, president, CEO and director of Vaxxinity (VAXX), a biotech company dedicated to democratizing healthcare through technology.
Both listed companies are an integral part of Nasdaq’s extensive portfolio of biotechnology companies. As the birthplace of biotech, the Nasdaq has a 97% success rate in the sector, building on the huge IPO year for biotech companies in 2021.
With the second quarter underway, Nasdaq has a strong IPO pipeline for this spring, continuing our global listing dominance.