NASDAQ FIRST NORTH CASE PRESENTATION

Transcription

1 NASDAQ FIRST NORTH CASE PRESENTATION September 1, 2016

2 NASDAQ NORDIC & EUROPE 2016 Market Cap EUR billion Iceland Sweden Finland Turnover per Business Day EUR million 632 Main Market listed companies (excl. 12 multiple listings) Denmark Estonia Latvia Lithuania 215 First North listed companies 150 Nasdaq US Listed companies 2

3 NASDAQ NORDIC NO:1 OF IPO:S 2016 H1 Euro million NASDAQ NORDIC NO:1IN TERMS OF # OF IPO:S 2016 H NASDAQ Nordic London Euronext Warsaw BME Borsa Italiana Deutsche Börse Oslo Bors SIX Swiss Exch. Borsa Istanbul Prague RAISED CAPITAL 2016 H1 - NASDAQ NORDIC NO:1 IN EUROPE NASDAQ Nordic London Euronext BME Prague SIX Swiss Exch. Borsa Italiana Deutsche Börse Warsaw Borsa Istanbul Oslo Bors Source: PwC 3

4 NASDAQ NORDIC VS. EUROPE Number of IPOs Capital Raised

5 STRONG POSITIVE MOMENTUM FOR NASDAQ FIRST NORTH IN LISTINGS & PERFORMANCE Company Overview First North as a whole, and especially the companies included in the FN25 index, have outperformed AIM and the Main Market in Stockholm In less than one year, the turnover generated by First North Premier companies has increased from 1/3 to 2/3 of total trading on first north First North has for 6 straight quarters had more IPOs than AIM Index Performance First North - All Share Index First North 25 Index AIM - All Share Index OMXS30 Index Turnover Distribution Premier/FN25 80% 70% 60% 50% 40% 30% 20% 10% 0% nov-15 dec-15 jan-16 feb-16 mar-16 apr-16 maj-16 jun-16 Turnover in FN 25 companies of total turnover on First North (%) Turnover in First North Premier companies of total turnover on First North (%) Turnover in First North Premier or FN 25 companies of total turnover on First North (%) Source: Nasdaq Economic & Statistical Research, Bloomberg, PWC IPO Watch 100 IPO comparison with London AIM in terms of # of IPOS H NASDAQ First North Source: PwC Document 5 Title

6 TRADING IN OUR NORDIC MARKETS Both Main Market and First North use one trading system (INET) with exposure to 172 Trading members. MAIN MARKET 2015, H1 TURNOVER TRADES FIRST NORTH 2015, H1 TURNOVER TRADES GLOBAL INVESTMENT BANKS 61% 63% GLOBAL INVESTMENT BANKS 5% 7% INTERNET-BROKERS 9% 13% INTERNET-BROKERS 51% 67% NORDIC BANKS 25% 21% NORDIC BANKS 33% 22% NORDIC BROKERS 4% 3% NORDIC BROKERS 11% 4% 6

7 POWERFUL NORDIC FINANCIAL ECOSYSTEM Source: NASDAQ OMX European Statistics Source: FESE Year book Document Title

8 TOP INTERNATIONAL INVESTORS IN SWEDISH EQUITIES 8

9 SEK (Billions) THE EXCHANGE AS A SOURCE OF GROWTH CAPITAL Distribution of Risk Capital 2015 in Sweden Growth Companies create Jobs IPO Capital 69% Seed 0% Start-up 3% Later Stage Growth Capital Venture 2% 3% Buyout 23% ~40+ Billion SEK in total 25% 20% 15% 10% 5% 0% Mean employee growth First North Sweden The mean employee growth for First North companies is greater than the mean of similar sized companies in Sweden First North as a Platform for Growth Companies Industry Distribution for Capital Raised Number of Companies on First North Stockholm ~29 Billion SEK in total Nasdaq - Economic & Statistical Research

10 AN INTRODUCTION TO SWEDEN Strong economy Stable, affluent and transparent economy = beneficial environment both for issuers and investors Equity culture 80%+ exposed to equity market Beneficial tax model (ISK) for retail investors Culture of Innovation One of the world s most innovative countries Largest number of Unicorns per capita in the world. International mindset Exports = 45% of GDP Ecosystem Advisors, investors, financing providers supporting SMEs Language Skills English 10

11 NASDAQ FIRST NORTH KEY SUCCESS FACTORS Liquidity International Investors Strong retail attention Global Brand Clear Path to the Main Market Not Only an Exchange Credibility Visibility Quality First North Premier No need to switch exchange 5-6 transfers FN to MM annually since 2006 Able to list Small IPOS Nasdaq is a service provider Corporate Solutions PR advisory services One Trading Infrastructure Access to 172 members 40 % foreign ownership 11