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Nasdaq continued to lead the way in European SME listings and transactions in 2022

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Nasdaq, Inc.

Nasdaq, Inc.

– Nasdaq Stockholm most successful listing venue, Nasdaq First North remains Europe’s leading SME exchange in 2022

STOCKHOLM, Sweden, Jan. 09, 2023 (GLOBE NEWSWIRE) — The Nasdaq (Nasdaq: NDAQ) today presented its annual statistics for the European Nasdaq markets. Despite a very turbulent macroeconomic environment fueled by several unforeseen external events in 2022, the Nordic and Baltic regions maintained their leading position in several key areas, including SME listings. With 41 listings, Nasdaq Stockholm also remained Europe’s best-performing listing venue in 2022.

Maintain Nasdaq’s position as the main European listing hub
Despite the decline in the number of capital raised and the number of listings compared to the extraordinary 2021, the Nasdaq remains one of the main European exchange groups in terms of the number of new listings on its markets. In total, Nasdaq stock markets in Sweden, Denmark, Finland, Iceland and the Baltics hosted 74 new listings, including 38 initial public offerings (IPOs), raising a total of 762 million euros in capital- risk. With 48 new companies welcomed in 2022, Nasdaq First North (Nasdaq’s growth market in Europe) remains the leading market for SMEs in Europe.

“Despite an extraordinary and in many ways challenging year 2022, with war in Europe, turbulent energy markets and rising inflation, the Nasdaq was able to maintain its position as a leading listing venue in Europe The Nasdaq European markets remain an attractive source of capital, and we continue to be the public market of choice for businesses and investors across Northern Europe,” said Adam Kostyalresponsible for European listings on the Nasdaq.

The largest IPOs by capital raised were Engcon AB (€170m), and the largest listing by market capitalization was Finnish group Sampo’s dual listing on Nasdaq Stockholm (€25.7bn). euros). Another key milestone was the transfer of Embracer (market cap: €5.7 billion) from First North to the main market.

“Throughout an extremely turbulent market environment, our team has worked tirelessly to maintain our technology leadership, market excellence and strong commitment to sustainability to create a world-class capital market offering for businesses and investors in times of uncertainty,” said Bjorn Sibbern, Chairman of European Markets at Nasdaq. “In 2023, we will continue to work with our customers to build and scale some of the most successful markets in the world.”

ESG expansion and robust growth for Puro.earth
In 2022, Nasdaq continued to invest in building its environmental, social and governance (ESG) capabilities. Nasdaq majority-owned carbon removal platform Puro.earth increased CO2 Removal Certificate (CORC) trading volumes by 250% and trading value by 350% compared to the previous year.

In March 2022, Nasdaq launched the world’s first benchmark commodity price indices that track the price of removing carbon dioxide from the atmosphere and track the price of Carbon Removal Certificates (CORCs) issued by Puro.earth. To further highlight the potential of carbon removal as a means to achieve net zero, Nasdaq and Puro.earth were both represented at the United Nations Climate Change Conference (COP27) in Sharm el-Sheikh, Malaysia. Egypt, in November.

In addition, new listings on the Nordic Sustainable Debt Markets increased by 11% compared to 2021. The total volume of bonds listed on the Nordic and Baltic Sustainable Debt Markets increased by 23% to 48, 2 billion euros at the end of 2022.

Maintained market share and Nordic trading leadership despite declining trading volumes
Following the general market trend, the Nasdaq saw trading volumes in most of its European markets face challenges in 2022, and equity trading fell 10.8% to an average daily volume of 3. 6 billion euros in all markets. The Nasdaq maintained a 72% market share during the year in informed trading and auctions of its listed stocks and continued to strengthen its leadership in the Nordic derivatives market. This includes Norway, where the Nasdaq managed to achieve a 55% market share in single stock options. Throughout 2022, Nasdaq launched a number of products and services to further support the trading community, including options on the OMXS30 ESG index.

For more details and milestones on Nasdaq European Market operations in 2022, please see below.

About Nasdaq:

Nasdaq (Nasdaq: NDAQ) is a global technology company serving capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, Twitter @Nasdaq or www.nasdaq.com.

Nasdaq Media Contact
Erik Gruvfors
+ 46 73 449 78 12
erik.gruvfors@nasdaq.com

SELECTED EUROPEAN HIGHLIGHTS IN 2022
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  • The Nasdaq welcomed 74 new stock listings (including 38 IPOs), raising a total of €762.3 million. Additionally, 12 companies moved from Nasdaq First North to Nasdaq Main Market. This achievement maintains Nasdaq Stockholm in the position of Europe’s leading listing venue, with the highest number of listings in Europe in 2022. A total of 1,251 companies are currently listed on Nasdaq in Europe.

  • Market by market, Nasdaq Stockholm had 41 quotes, Nasdaq Helsinki 9 quotes, Nasdaq Copenhagen 2 quotes, Nasdaq Iceland 4 quotes, Nasdaq Tallinn 5 quotes and Nasdaq Riga 1 quote.

  • European Nasdaq markets experienced their first de-SPAC when Virala Acquisition Company acquired Purmo Group in January 2022.

TRADE

  • The Nasdaq saw trading volumes in most of its European markets decline in 2022, with equity trading declining 10.8% to a daily average of €3.6 billion (2021: 4.0 ) euros on all markets.

  • The Nasdaq maintained a 72% (78%) market share in the informed and auction exchanges of its listed stocks, while continuing to build its leadership in the Nordic derivatives market, including Norway, where the Nasdaq reached a market share of 55% in individual stock options.

  • Throughout 2022, Nasdaq launched a number of products and services to further support the trading community, including options on the OMXS30 ESG index.

RETAIL ENGAGEMENT

  • In 2022, Nasdaq launched its European Retail Engagement Program which supports its goal of championing inclusive growth and prosperity. The program aims to equip retail investors of all backgrounds and ages with sufficient knowledge and skills to manage their money effectively and supports a select group of third-party partnership organizations that educate private investors on saving, trading and investments.

  • In May, the Nasdaq Derivatives Academy digital education program was launched in the Nordics to increase knowledge about equity derivatives and has since trained nearly 2,000 investors.

PRODUCTS & PARTNERSHIPS

  • In October, Nasdaq launched its Custom Basket Calculation Service (CBCS) in conjunction with S&P Global Market Intelligence. The solution responds to the demand for simpler and more efficient management of proprietary indices, thematic baskets and ESG investments. In the near future, Nasdaq aims to be able to introduce a Custom Basket Forward (CBF) solution that allows investors to create a custom basket forward contract as an alternative to OTC equity swaps.

  • The Nasdaq Primary was launched in September. The solution helps companies digitize the capital raising process by bringing all market players together on a single platform. The product is launched in partnership with Onbrane, a European fintech company focused on producing sustainable and innovative solutions for the debt market by leveraging web-based technology.

SUSTAINABILITY

  • In June, Nasdaq launched its ESG responsible indices for its Danish (Nasdaq Copenhagen: OMXC25ESG™) and Finnish (Nasdaq Helsinki: OMXH25ESG™) markets. The indices are based on the benchmark OMX Copenhagen 25™ (OMXC25™) and OMX Helsinki 25™ (OMXH25™) indices and consist of the 25 most traded securities listed on Nasdaq Copenhagen and Helsinki respectively.

  • Nasdaq majority-owned carbon removal platform Puro.earth increased CO2 Removal Certificate (CORC) trading volumes by 250% and trading value by 350% compared to the previous year.

  • New listings on the Nordic Sustainable Debt Markets increased by 11% compared to 2021. The total volume of bonds listed on the Nordic and Baltic Sustainable Debt Markets increased by 21% to 47.5 billion USD. EUR at the end of 2022.

#NDAQG

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