Large-Cap Industry Leaders Continue To Transfer To Nasdaq

We have seen increased momentum over the years of large-cap, storied public companies across all sectors choosing to make the move to Nasdaq. Many of these companies had been listed on other exchanges for decades, or in some cases over a century, when they decided to voluntarily transfer their listing to our market. 

As there continues to be a meaningful shift towards digital transformation in the broader economy, companies are increasingly motivated to be aligned with technology and innovation in all aspects of their business. That includes their choice of exchange. Nasdaq has a long history of being home to forward thinkers and pioneers, from our origin as the first electronic exchange at a time when trading was done entirely on paper. Disruption is in our DNA, and it’s the common trait that connects all Nasdaq-listed companies.  

Here is a look back at some of the iconic household names that have transferred to Nasdaq in our history, including PepsiCo, Honeywell, Paramount, United Airlines, Exelon, Principal Financial, Kraft Heinz, T-Mobile, GE HealthCare and Linde, which we recently welcomed as the largest switch to Nasdaq to date.  

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Nasdaq continues to lead in transfer momentum, with more market value switching to Nasdaq than any other U.S. exchange in 2023. The total market value of all companies transferring to Nasdaq since 2005 has now reached $2.7 trillion, across 496 different companies.  

The key drivers for a listing transfer differ from company to company, but common reasons include index inclusion opportunities, cost effective fee structure, brand visibility partnership, access to Nasdaq’s event space, and Nasdaq’s suite of investor relations and ESG products. The common theme across these differentiators is our service model and the meaningful support we provide our clients across listings and corporate services. 

Nasdaq owns and operates our investor relations products and services, and we are continuously innovating and making enhancements. Nasdaq recently launched a new SaaS-based ESG data platform, Nasdaq Metrio, which builds upon our previous products and acquisitions in order to provide clients with an end-to-end solution for collecting, measuring and reporting their sustainability data. Nasdaq also has a leading in-house ESG Advisory team, who recently released the “2023 Global Net Zero Pulse” report to help corporates inform their carbon credit purchase decision and sustainability initiatives. 

We look forward to welcoming more industry leading companies to Nasdaq as we continue to advance our capabilities and execute on our mission to be the ideal partner for our listed companies.