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Nasdaq set to beat NYSE in IPO race for fifth year in a row

UK chip designer Arm, which raised $5.2bn in the year’s biggest IPO, was among the companies to debut on Nasdaq

By

Alexander Osipovich, The Wall Street Journal

'There’s been a generational shift and a much stronger trend toward digital transformation across our entire economy'
'There’s been a generational shift and a much stronger trend toward digital transformation across our entire economy' Photo: Michael Nagle/Getty Images

Nasdaq is on track to beat the New York Stock Exchange in the battle for initial public offerings in 2023, the fifth consecutive year in which the once-dominant NYSE has fallen behind its rival.

IPOs at Nasdaq have raised $13.6bn compared with $10.4bn for new listings at the NYSE, according to data provider Dealogic.

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