Nasdaq European Markets Lead in SME Listings and Green Bonds in 2023

Amid economic uncertainties, Nasdaq European Markets have proven resilient and successful in the capital market sphere, especially known for their engagement with small and medium-sized enterprises (SMEs) and sustainable debt securities. The year 2023 saw the inclusion of 33 new equities, out of which 7 were notable Initial Public Offerings (IPOs). These listings collectively generated EUR 431 million in risk capital, marking a notable engagement in the investment domain, despite being lower than the preceding year. Furthermore, there were substantial secondary offerings that amounted to a substantial EUR 11.6 billion.

Marking a Milestone in Market Evolution

Nasdaq celebrated a milestone with the 130^th company transitioning from the Nasdaq First North Growth Market to the Main Market, symbolizing the growth trajectory of these companies. Significant was the average annual growth rate of 43 percent, marking their development from their origins on First North to their established presence on the Main Market.

Leading the Charge in Sustainable Finance

The Sustainable Debt Market in Nordic and Baltic regions observed a 33% growth, reaching EUR 63 billion. Sweden, in particular, stood out for its active issuance of sustainable bonds, commemorating the 10^th anniversary of the world’s first green corporate bond. The sustainable bond sector demonstrated resilience and increased listings by 39% in Stockholm, affirming its integral role within the wider financial landscape.

Innovation and Expansion of Financial Products

The launch of Nasdaq's Custom Basket Forwards in October 2023 illustrated Nasdaq’s commitment to innovation, meeting market demands for an efficient mechanism for managing equity exposures through Forward contracts tailored to unique baskets of equities. Alongside this, Nasdaq Clearing is set to broaden its services by including clearing for Interest Rate Swaps in multiple currencies, backed by initiatives to ensure a robust clearing market.

Advocating for Investor Education and Market Literacy

Nasdaq continues to promote financial literacy among the public, conducting over 70 events to educate both casual and professional investors. The Nasdaq Derivatives Academy symbolizes this commitment, expanding in 2023 to cover Clearing Essentials targeting back-office professionals.

Nasdaq, IPOs, SME, Sustainability, Innovation, Education