STOCKHOLM - Nasdaq (NASDAQ:NDAQ) has released its annual statistics for its European markets, highlighting activity in the Nordic and Baltic regions amidst global economic uncertainties. In the past year, these markets have seen 33 new listings, including 7 IPOs, raising EUR 431 million in risk capital. This marks a decrease from 2022's EUR 0.76 billion. Additionally, EUR 11.6 billion was raised through secondary offerings, a decline from the previous year's EUR 16.6 billion.
Despite a challenging economic landscape, Nasdaq Stockholm maintained its status as a prominent listing venue in Europe with 19 new listings in 2023. Nasdaq also celebrated the milestone of the 130th company transitioning from the Nasdaq First North Growth Market to the Main Market in December 2023. These companies have shown an average annual growth rate of 43 percent during their time on the First North.
The Nordic and Baltic Sustainable Debt Markets observed a significant growth of 33 percent from the previous year, reaching EUR 63 billion. This growth is attributed to the increasing prioritization of sustainability among investors and companies. Notably, the Swedish real estate company Vasakronan issued the world's first green corporate bond a decade ago, and Stockholm's sustainable bond listings increased by 39 percent in 2023.
In terms of innovation, Nasdaq launched Custom Basket Forwards in October 2023. This product caters to the demand for a simpler way to manage equity exposures with standardized contracts on a regulated market. Investors can now create Forward contracts on a customized equity basket, choosing from approximately 1,700 stocks across 15 European countries.
Nasdaq's European operations continue to evolve with the introduction of clearing for Interest Rate Swaps in multiple currencies and a new technology for digitizing carbon credit transactions.
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