Thanks to monster trading debuts for Warner Music Group and ZoomInfo, the NASDAQ just overtook the NYSE with year-to-date IPOs.
In fact, according to Morningstar, “Companies going public in 2020 raised $12.2 billion in IPOs at Nasdaq through Friday, compared with $10.9 billion at the NYSE, Dealogic data show. Nasdaq lagged behind the NYSE for much of the year but pulled ahead after hosting several large debuts last week, including that of Warner Music Group Corp., which raised more than $1.9 billion in the year’s largest IPO to date.”
However, the NYSE could still pull ahead of the NASDAQ for the year, with potential new IPOs from Albertsons Co. and Vroom Inc., which is expected to debut on the NASDAQ shortly.