Nasdaq is drawing fresh interest from overseas companies considering U.S. listings following the high-profile American depositary receipt debut of SK Hynix on its exchange. Nasdaq executives report a surge in inquiries from international issuers after the SK Hynix IPO, which could broaden issuer diversity and create new fee opportunities across Nasdaq's listing and trading businesses. The stock currently trades at $88.08, up 4% over the past week but down 8.9% year to date. Analysts have a consensus target of $106.27, implying about 17% upside, while the stock's price-to-earnings ratio of 26.1 times compares to a capital markets industry average of 40.4 times. Sustained international IPO flows could strengthen Nasdaq's global standing and revenue mix, though high debt levels remain a noted risk.
Nasdaq IncNasdaq is drawing fresh overseas IPO interest after SK Hynix debut, which could create new fee opportunities and strengthen its global standing.
SK Hynix Inc