Welcome to our dedicated page for Nasdaq news (Ticker: NDAQ), a resource for investors and traders seeking the latest updates and insights on Nasdaq stock.
Nasdaq, Inc. reports developments across its market infrastructure, index, data, listings and financial technology businesses. Company news commonly covers monthly trading volumes, quarterly volume and listings statistics, earnings releases, dividend announcements, and operating trends in divisions such as Financial Technology.
Nasdaq updates also include changes to the Nasdaq-100 Index and other Nasdaq Global Indexes, trading halt and resumption notices from The Nasdaq Stock Market, and corporate governance or capital-structure matters. Its financial technology activities include solutions tied to capital management, financial crime and regulatory compliance software.
Nasdaq (NDAQ) reported its monthly trading volumes for July 2021, providing insights into financial activity on its platform. The data sheet detailing these volumes and quarterly capture rates is accessible on Nasdaq's investor relations website. The company emphasizes its role as a global technology leader in capital markets, offering a range of data and analytics services. Nasdaq cautions that forward-looking statements in its report are subject to risks and uncertainties that could affect future performance and operational results.
On August 2, 2021, Nasdaq (NDAQ) announced the acquisition of a significant minority stake in LeveL ATS, a prominent US Equity Dark Pool trading venue. This partnership aligns Nasdaq with other major stakeholders including Bank of America, Citi, and Fidelity. The transaction's financial details remain undisclosed. Nasdaq's involvement is expected to enhance LeveL's product offerings and market position. LeveL ATS, founded in 2006, is known for its continuous crossing platform and innovative VWAP order types, designed to minimize market impact.
Nasdaq, Inc. (NDAQ) has priced a public offering of €615 million in senior notes at 0.900%, maturing in 2033. The offering aims to refinance existing 1.75% Senior Notes due 2023. Expected to close on July 30, 2021, the offering involves leading financial institutions as joint book-running managers. The offering is registered with the SEC, ensuring compliance for prospective investors. Forward-looking statements highlight potential risks, including market conditions and interest rate fluctuations, affecting the company's future performance.
Nasdaq plans to offer Euro-denominated senior notes to refinance existing 1.75% Senior Notes due 2023. This offering is subject to market conditions and will utilize net proceeds alongside available cash balances. The offering will be managed by a consortium that includes Morgan Stanley, Merrill Lynch, J.P. Morgan, Goldman Sachs, and Skandinaviska Enskilda Banken. Nasdaq emphasizes the importance of reviewing relevant SEC filings for detailed information about the offering and the company's financial condition.
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Nasdaq, Inc. (NDAQ) has announced an accelerated stock repurchase agreement (ASR) with Goldman Sachs to buy back $475 million of its common stock. This move is part of its ongoing share repurchase program, which currently has $1.46 billion remaining as of July 21, 2021. The initial delivery of shares will be made on July 23, 2021, with the final share count based on the average stock price during the ASR term. This buyback aims to offset dilution from the recent sale of the fixed income business, reinforcing Nasdaq's commitment to enhancing shareholder value.
Nasdaq, Inc. (NDAQ) has declared a quarterly dividend of $0.54 per share on its common stock. This dividend will be paid on September 24, 2021, to shareholders who record by September 10, 2021. Future dividends are subject to Board approval. Nasdaq, a global technology firm, offers various data, analytics, and services to enhance client operations.
In Q2 2021, Nasdaq reported net revenues of $846 million, marking a 21% increase year-over-year. Solutions segment revenues rose 26%, while Market Services grew 13%. Annualized Recurring Revenue reached $1,808 million, up 22%. GAAP diluted EPS was $2.05, a 41% rise from $1.45. Nasdaq returned $579 million to investors, including share repurchases and dividends. The company expects annual non-GAAP operating expenses to be between $1,590 and $1,620 million.
Key highlights include strong IPO activity and the acquisition of Verafin, boosting multiple revenue streams.
Nasdaq Private Market is set to spin out from Nasdaq and will become an independent company through a joint venture with SVB Financial Group, Citi, Goldman Sachs, and Morgan Stanley. This strategic collaboration aims to create a centralized secondary trading venue for private company stock, enhancing liquidity solutions for private companies, brokers, and investors. The new platform will leverage existing technology and regulatory frameworks to offer comprehensive transaction management, increasing market transparency and efficiency, thereby addressing unmet demands in the private markets.
Nasdaq (NDAQ) announced that Honeywell International Inc. (HON) will join the NASDAQ-100 Index, NASDAQ-100 Equal Weighted Index, and NASDAQ-100 Ex-Technology Index effective July 21, 2021. This change replaces Alexion Pharmaceuticals (ALXN) with Honeywell. The inclusion of Honeywell highlights its strong market position and potential for growth within the technology and industrial sectors, reflecting Nasdaq's ongoing commitment to index adjustments that enhance investment opportunities.