Nasdaq (Nasdaq: NDAQ) has announced that it has welcomed 52 new listings to its Nordic markets during the first half (1H) of 2018, raising 2.4 billion EUR in capital. Twenty-three of the new listings were on the Main Market, while 29 occurred on Nasdaq’s European growth market, Nasdaq First North.
We have experienced a very active first half of the year and it is exciting to note that the Nordic IPO environment remains resilient,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “We recently reached 1000 listed companies across our Nordic and Baltic markets, and I am proud that Nasdaq First North maintains its position as the leading financing platform for European small and medium sized companies (SMEs).
Eight of the new Nordic listings in Q1 and Q2 were switches from Nasdaq First North to the Main Market, beating the previous record of six switches set during the first half 2017. A number of notable new listings also occurred on Nasdaq’s Nordic markets during the time period, including Netcompany in Copenhagen, Arion Bank’s dual listing in Reykjavik and Stockholm, Kojamo in Finland and Epiroc – the spin-off from Atlas Copco which entered the Nasdaq Stockholm Main Market on June 18 with a market cap of 10.6 billion EUR.
Nasdaq also sees a continued strong interest from international issuers, with six new listings of non-Nordic companies in 1H 2018. A particular interest can be seen from technology companies, most notably the iGaming sector. Four new listings occurred in this sector during Q1 and Q2, and Nasdaq Nordic is currently the leading European market place for iGaming in terms of number of listed companies (16).
Our pipeline for the second half of 2018 remains solid and I expect a continued interest from advisors and issuers based outside the Nordic countries,” added Kostyál. “As long as the current environment remains favourable, I expect a busy fall where we look forward to welcoming a number of well-known brands combined with a continued inflow of smaller growth companies.
1H 2018 Nasdaq Nordic Listings Statistics
| Main Market | Nasdaq First North | |
| Total New Listings (incl. switches) | 23 | 29 |
| Initial Public Offerings | 13 | 23 |
| Switches from Nasdaq First North | 8 | – |
| Switches from non-Nasdaq markets | ||
| Company spin-offs | 1 | – |
| Listing, no offering | 1 | 6 |
| Capital Raised (Million EUR) | 1939.2 | 539.9 |
| Largest IPOs (capital raised, million EUR) | Kojamo Oyj (483) – Helsinki Netcompany Group A/S (416) – Copenhagen Cibus Nordic Real Estate A (311) Stockholm |
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| Sectors with most listings | Health Care Industrials Finacials |
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1H 2018 Nasdaq Stockholm Listings Statistics
| Main Market | Nasdaq First North | |
| Total New Listings (incl. switches) | 15 | 19 |
| Initial Public Offerings | 5 | 14 |
| Switches from Nasdaq First North | 8 | – |
| Switches from non-Nasdaq markets | – | – |
| Company spin-offs | 1 | – |
| Listing, no offering | 1 | 5 |
| Capital Raised (Million EUR) | 384.7 | 470.3 |
| Largest IPOs (capital raised, million EUR) | Cibus Nordic Real Estate A (311) Bygghemma group First AB (138) Calliditas Therapeutics AB (71) |
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| Sectors with most listings | Health Care Industrials Consumer Services |
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