Nasdaq European Markets sustains its strong position in the SME listings and sustainable debt market in 2023

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• Nasdaq European Markets welcomed 33 listings, together with 7 preliminary public choices (IPOs), elevating a complete of EUR 431 million danger capital and EUR 11.6 bn in secondary choices
• Nasdaq celebrated its 130^th firm to switch from Nasdaq First North Development Market to Major Market

STOCKHOLM, Sweden, Jan. 08, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) at present offered its yearly statistics for Nasdaq European markets. Regardless of the uncertainties within the wider international economic system, the Nordic and Baltic areas maintained their place in capital markets in a number of key areas, together with Sustainable Debt Market and SME listings. In whole, the Nasdaq fairness markets in Sweden, Denmark, Finland, Iceland and the Baltic international locations welcomed 33 listings, together with 7 preliminary public choices (IPOs), elevating a complete of EUR 431 million danger capital (2022: EUR 0.76 bn) and EUR 11.6 bn in secondary choices (2022: EUR 16.6 bn). With 19 listings, Nasdaq Stockholm additionally remained one of the profitable listings venues in Europe in 2023.

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“Our European Market Providers group has labored tirelessly to maintain driving our expertise management, market excellence and powerful dedication to sustainability to create a world class capital market providing for each firms and buyers in instances of uncertainty. Nasdaq continues to carry out an important function as a vibrant development engine for northern European capital markets,” mentioned Roland Chai, President of European Market Providers, Nasdaq.

Nasdaq celebrated its 130^th swap from Nasdaq First North Development Market to Major Market
Regardless of decrease numbers in each capital raised and variety of listings relative to earlier years, Nasdaq stays the main European alternate teams when it comes to variety of SME listings on its markets over the previous years. For the reason that founding of Nasdaq First North in 2006, Nasdaq had its 130^th firm to switch from Nasdaq First North Development Market to Major Market in December 2023. The 130 firms have grown and matured, presenting a mean annual development fee of 43 % from the primary day of buying and selling on First North to the primary day of buying and selling on the Major Market.

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“Within the midst of financial headwinds, the market has remained difficult in 2023. Regardless of that Nasdaq has been in a position to preserve its place as a number one listings venue in Europe, particularly for SME firms. Nasdaq First North is the main SME market not solely when it comes to bringing firms to the market but in addition the evolution of firms over time in driving innovation and development supported by each institutional buyers and retail buyers. We’re happy to have fun the 130^th swap from First North to our Major Markets,” mentioned Adam Kostyál, Head of European Listings at Nasdaq.

Persevering with to allow sustainable development
The Nordic and Baltic Sustainable Debt Markets grew by 33% from the earlier yr to EUR 63 billion (2022: EUR 47.5 bn) throughout a interval of turbulence and comparatively low exercise in general Nordic debt market. It is a testomony to the ever-growing deal with sustainability amongst buyers and corporations alike.

Sweden is essentially the most energetic sustainable bond market within the Nordic and Baltic international locations and has traditionally been dominated by issuers from the actual property sector. Actually, 2023 marks the ten^th anniversary of the worlds’ first inexperienced company bond, which was issued by the Swedish actual property firm Vasakronan. In 2023, new sustainable bond listings grew by 39% in Stockholm, which clearly exhibits how the idea of inexperienced bonds has turn into an integral a part of the broader bond market and that the sustainable bond market is extra resilient than ever earlier than.

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“It’s pleasing to see that our Nordic and Baltic markets stay targeted on channeling capital in direction of sustainable tasks and property additionally in time of unsure market. The Nordic and Baltic sustainable bond market is nicely positioned to develop even quicker in coming years when rate of interest ranges are anticipated to taper off. We sit up for seeing how the market responds to the brand new macro atmosphere,” mentioned Fredrik Ekström, President of Nasdaq Stockholm and Head of European Mounted Earnings.

In October 2023, Nasdaq launched Customized Basket Forwards. The Customized Basket Forwards answer meets the growing market demand for a less complicated and extra environment friendly means of dealing with fairness exposures by using standardized contracts on the regulated market. Customized Basket Forwards allow buyers to create a Ahead contract on a personalized fairness basket that’s outlined by return kind, foreign money, and chosen from a European universe of equities, totaling round 1,700+ shares from 15 international locations.

For extra particulars and milestones on Nasdaq’s European market operations in 2023, please see under.

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About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a number one international expertise firm serving company shoppers, funding managers, banks, brokers, and alternate operators as they navigate and work together with the worldwide capital markets and the broader monetary system. We aspire to ship world-leading platforms that enhance the liquidity, transparency, and integrity of the worldwide economic system. Our various providing of information, analytics, software program, alternate capabilities, and client-centric providers allows shoppers to optimize and execute their enterprise imaginative and prescient with confidence. To be taught extra concerning the firm, expertise options, and profession alternatives, go to us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Nasdaq Media Contact
Maarit Bystedt
tel. +358 9 6166 7274
maarit.bystedt@nasdaq.com

SELECTED 2023 EUROPEAN HIGHLIGHTS
LISTINGS

• Nasdaq welcomed 33 new fairness listings (amongst them 7 preliminary public choices), elevating a complete of EUR 431 million. Moreover, 10 firms switched from Nasdaq First North Development Market to Nasdaq Major Market. A complete of 1,218 firms are at present listed at Nasdaq in Europe of which 687 on Major Market and 531 on Nasdaq First North Development Market.
• Market by market, Nasdaq Stockholm had 19 listings, Nasdaq Iceland 5 listings, Nasdaq Copenhagen 3 listings, Nasdaq Helsinki 3 listings, Nasdaq Tallinn 2 listings and Nasdaq Riga 1 itemizing.

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TRADING

• Nasdaq noticed buying and selling volumes lower in 2023, with share buying and selling lowering by 17% to a every day common of EUR 2.9 billion (2022: 3.6 bn) throughout all markets.
• Nasdaq maintained a market share of 71% (2022: 71%) of lit and public sale buying and selling in its listed shares, whereas persevering with to strengthen its management within the Nordic derivatives market, together with Norway, the place Nasdaq has a achieved a 82% market share in single inventory choices.

SUSTAINABILITY

• The Nordic & Baltic sustainable debt markets grew to EUR 63 billion by the tip of 2023 (2022: EUR 47.5 bn).
• Nasdaq majority-owned Puro.earth, the world’s main crediting platform for engineered carbon elimination, issued 128,301 CORCs with sturdiness of greater than 100 years. Since Puro.earth was based in 2019, its provider companions have durably eliminated almost half one million metric tons of CO2 from the ambiance.

PRODUCTS & PARTNERSHIPS

• Nasdaq Clearing is about to open up for clearing of Curiosity Price Swaps (IRS) in EUR, DKK and NOK, along with the prevailing clearing of IRS in SEK. Moreover, the initiative from the Swedish Central Financial institution (Riksbanken) providing central clearing events deposit and lending amenities gives resistance to the clearing market.
• Nasdaq has launched Customized Basket Forwards – an modern spinoff product addressing the rising demand for a less complicated and extra environment friendly means of dealing with tailor-made fairness exposures. Nasdaq Customized Basket Forwards supply a cost-efficient various, combining bespoke components with the advantages of central counterparty clearing and buying and selling on a regulated market. With the launch of Customized Baskets Forwards extra shoppers are given entry to a easy and environment friendly answer for ex. ESG & local weather investments, thematic investing, ETF replications, tailored indexes, and fairness financing.
• In November, Nasdaq launched a pioneering new expertise that securely digitizes the issuance, settlement, and custody of carbon credit. Will probably be offered to market infrastructures, registry platforms, and different service suppliers globally. Alongside the launch of the service, Nasdaq introduced a brand new expertise partnership with Nasdaq majority-owned Puro.earth, a world-leading requirements and registry platform for engineered carbon elimination, to register CO2 Removing Certificates, or CORCs. The registry tracks the issuance, retirement, and the switch of the property, offering full traceability and transparency to keep away from double counting carbon elimination tasks.

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RETAIL ENGAGEMENT

• Nasdaq’s function as an alternate is to advertise public markets and assist educate buyers of all sizes, which we do via our monetary literacy initiative. Along with greater than 20 partnerships and organizations we search to advertise our widespread function of monetary progress for all. In 2023, we’ve pushed greater than 70 occasions with our companion organizations and educated 1000’s of buyers throughout our asset class portfolio.
• Nasdaq Derivatives Academy was launched within the Nordics to extend data of fairness derivatives and since its begin greater than 2,800 non-public buyers and 200 professionals have signed up for this system. In November 2023, the schooling program was expanded to incorporate Nasdaq Clearing Necessities which is particularly devoted to professionals working in back-office roles.

NDAQG

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