Companies are on track to raise more money through initial public offerings on Nasdaq this year than on the New York Stock Exchange, the first time that has happened since 2012’s bungled Facebook offering.

So far this year, total funds raised in Nasdaq-listed IPOs have been $32.4bn, compared with $26.2bn for IPOs at NYSE, Dealogic data shows. NYSE, though, says it is ahead using a broader measure of how much capital its companies have raised.