4
back-office systems, which allow customers to entirely or partly
outsource their company’s back-office functions.
We offer customer and account registration, business
registration, clearing and settlement, corporate action handling
for reconciliations and reporting to authorities. Available
services also include direct settlement with the Nordic central
securities depositories, real-time updating and communication
via the Society for Worldwide Interbank Financial
Telecommunication to deposit banks.
Corporate Services
Corporate Solutions
Our Corporate Solutions business serves corporate clients,
including companies listed on our exchanges and private
companies. We help organizations manage the two-way flow
of information with their key constituents, including their board
members and investors, and with clients and the public through
our suite of advanced technology, analytics, and consultative
services. In 2013, we acquired the TR Corporate businesses,
which were integrated into our Corporate Solutions business.
We provide Corporate Solutions products and services in the
following key areas:
•
Investor Relations. We offer investor relations content,
analytics, advisory services and communications tools,
including investor relations webcasting, press release
services, and websites. Our solutions make it easier for
companies to interact and communicate with analysts and
investors while meeting corporate governance and
disclosure requirements. In early 2016, we launched
Nasdaq IR Insight, our new investor relations platform.
•
Public Relations. We offer solutions to help clients identify,
reach, monitor and measure their public relations program.
We provide traditional and social media contacts databases,
backed by our internal research analysts. Our press release
distribution network allows clients to reach global
audiences cost-effectively. Our suite of technology
solutions and expert analysts help clients monitor key news
media for their brand, reputation, products, as well as
industry competitors, and measure the success of their
communications programs. In February 2016, we acquired
Marketwired, a global newswire operator and press release
distributor that is being integrated into this business.
•
Multimedia Solutions. We offer a platform and services
which enable our customers to produce webcasts for a wide
range of applications, including investor relations, public
relations, marketing and internal communications.
•
Governance. We offer a secure collaboration platform for
boards of directors or any team collaborating on
confidential initiatives. Our solutions protect sensitive data
and facilitate productive collaboration, so board members
and teams can work faster and more effectively. In May
2016, we acquired Boardvantage, a leading provider of
collaboration and meeting productivity tools for boards of
directors and executive leadership teams. This acquisition
is being integrated into our governance business.
We currently have approximately 18,000 Corporate Solutions
clients.
Listing Services
We operate a variety of listing platforms around the world to
provide multiple global capital raising solutions for private and
public companies. Companies listed on our markets represent
a diverse array of industries including, among others, health
care, consumer products, telecommunication services,
information technology, financial services, industrials and
energy. Our main listing markets are The Nasdaq Stock Market
and the Nasdaq Nordic and Nasdaq Baltic exchanges.
Companies seeking to list securities on The Nasdaq Stock
Market must meet minimum listing requirements, including
specified financial and corporate governance criteria. Once
listed, companies must meet continued listing standards. The
Nasdaq Stock Market currently has three listing tiers: The
Nasdaq Global Select Market, The Nasdaq Global Market and
The Nasdaq Capital Market. All three market tiers maintain
rigorous listing and corporate governance standards (both
initial and ongoing).
As of December 31, 2016, a total of 2,897 companies listed
securities on The Nasdaq Stock Market, with 1,443 listings on
The Nasdaq Global Select Market, 783 on The Nasdaq Global
Market and 671 on The Nasdaq Capital Market.
We aggressively pursue new listings from companies, including
those undergoing IPOs as well as companies seeking to switch
from alternative exchanges. In 2016, The Nasdaq Stock Market
attracted 283 new listings, including 91 IPOs, 73% of U.S. IPOs
in 2016. The new listings were comprised of the following:
Switches from
the New York Stock Exchange
LLC, or NYSE,
and NYSE MKT LLC, or
NYSE MKT
20
IPOs
91
Upgrades
from OTC
37
ETPs
and Other Listings
135
Total
283
The 20 NYSE- or NYSE MKT-listed companies that switched
to The Nasdaq Stock Market, represented approximately $61
billion in market capitalization. Notable switches included IHS
Markit Ltd., Imperva, Inc., OPKO Health, Inc. and Scripps
Networks Interactive, Inc.
We also offer listings on the exchanges that comprise Nasdaq
Nordic and Nasdaq Baltic. For smaller companies and growth
companies, we offer access to the financial markets through the
Nasdaq First North alternative marketplaces. As of
December 31, 2016, a total of 900 companies listed securities
on our Nordic and Baltic exchanges and Nasdaq First North.
Our European listing customers include companies, funds and
governments. Customers issue securities in the form of cash
equities, depository receipts, warrants, ETPs, convertibles,
rights, options, bonds or fixed-income related products. In
2016, a total of 88 new companies listed on our Nordic and