Some 14 companies transferred their corporate listing to the Nasdaq in the first half of 2021, the exchange said Monday, including defense contractor Honeywell (HON). The Nasdaq said it saw 395 initial public offering in the period, raising a total of $103 billion. Some 160 operating companies listed in the period, and the exchange captured the direct listing of crypto platform Coinbase (COIN), the biggest direct listing among all exchanges with $65 billion in market cap. Nasdaq-listed companies raised 61% of all IPO proceeds in the first half, including seven of the 10 biggest deals by proceeds. These include Bumble (BMBL), which raised $2.2 billion, AppLovin (APP), which raised $2 billion and Oatly (OTLY), which raised $1.4 billion.

-Ciara Linnane; 415-439-6400; [email protected]

 

(END) Dow Jones Newswires

06-28-21 0715ET

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