- June 29, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
Nasdaq, Inc. (Nasdaq: NDAQ) announced on Wednesday that it welcomed 108 initial public offerings (IPOs) in the first half of 2022. According to the press release, the IPOs raised a total of $12 billion.
The number of operating companies and SPACs listed on Nasdaq during the first six months of 2022 represented an 87% win rate in the US market, extending Nasdaq’s lead to 34 consecutive quarters. Besides the IPOs, six companies transferred their corporate listings to Nasdaq, representing a combined market value of $8.6 billion.
“Despite a slower start to the year, there’s a healthy pipeline of companies across all sectors that are waiting for their opportunity to IPO in the next twelve months. Nasdaq is the exchange of choice for companies transitioning to public because of our support through the IPO process and our commitment to helping them navigate the markets as public companies through our life-cycle solutions,” Nelson Griggs, President at Nasdaq Stock Exchange, commented.
Metrio Acquisition
Nasdaq unveiled its plans to acquire Metrio in recent announcements. Based in Montreal, Canada, Metrio collects, analyzes, and reports data on environmental, social, and governance issues. As part of its ESG solution suite, Nasdaq will integrate Metrio’s software as a service (SaaS) platform.
Metrio’s acquisition underscores the exchange owner’s commitment to helping clients better manage and unlock the value of their data. Michael Bartels, the Senior Vice President of IR & ESG Services at NASDAQ, pointed out that Metrio’s platform is complementary to the technology company’s end-to-end suite of sustainability reporting solutions.
Moreover, Bartels noted that the platform will accelerate NASDAQ’s ability to support corporate clients who are looking for improved reporting technology across all three pillars of ESG. Reacting to the news, Patrick Elie, the Chief Executive Officer & Co-Founder of Metrio, said the company was tremendously proud of the market-leading reporting solution that the firm has built over the last decade.
This article was written by Felipe Erazo at http://www.financemagnates.com.
