The first six months of 2019 were a technology company stampede for Nasdaq. The company announced that in the first half of 2019, the period between January and June, it welcomed 97 initial public offerings (IPOs), raising a total of $17.7 billion. With an 80 percent win rate in the U.S. market, Nasdaq has extended its leadership to 22 consecutive quarters. In addition to the IPOs, seven companies switched from the NYSE to join Nasdaq, including global healthcare leader Sanofi.
As the 2019 wave of IPOs continues, Nasdaq won 88 percent of venture capital-backed deals including Lyft Inc. (raised $2.34 Billion), Zoom Video Communications, Inc. (raised $751 million), CrowdStrike Holdings (raised $612 million) and Luckin Coffee (raised $561 million). Nasdaq leads the IPO market with several top IPOs by proceeds raised across all sectors in the first half of 2019, notably Tradeweb Markets (raised $1.08 billion) in the financials, Rattler Midstream LP (raised $665 million) in energy and Change Healthcare (raised $807 million) in healthcare.