(Finance) – Nasdaqa US financial services company that manages the market of the same name, closed on third quarter of 2023 with Net revenues equal to 940 million dollars, an increase of 6% compared to the same period of the previous year. Net revenues reflect a positive impact of 5% from organic growth, including positive contributions from all Solutions Businesses. The company has registered a adjusted profit of 71 cents per share, up 4% year-over-year and above analysts’ forecast for 68 cents (per LSEG data).
“Our third quarter 2023 results reflect Nasdaq’s strong execution in a continually dynamic economic and capital markets environment,” he commented. Adena Friedman, President and CEO – We found some improvements in the IPO environment welcoming significant IPOs”.
“We have completed the antitrust review process for our announced acquisition of Adenza and we plan to close the transaction in the fourth quarter of 2023 – he added – With Adenza, we are excited to deepen our relationships with clients as we expand our role as a leading provider of financial technology to the global financial system.”
The company pointed out that the Nasdaq has led US exchanges for IPOs of operating companies with an overall success rate of 84% during the first nine months of 2023 and has a growing pipeline of companies waiting to list on Nasdaq. Year to date, four of the five largest IPOs of US operating companies in terms of capital raised have chosen to list on the Nasdaq. Seven companies moved to the Nasdaq in the third quarter, including Roper Technologies And DoorDash.