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.
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Nasdaq, Inc. (NDAQ) has successfully completed its acquisition of Verafin, a leader in anti-financial crime management solutions, previously announced on November 19, 2020. This strategic move aims to bolster Nasdaq's SaaS offerings and enhance its regulatory solutions globally, particularly to banks and broker-dealers. Following the acquisition, Nasdaq anticipates a 13-16% CAGR in organic revenue growth for its Market Technology segment over the next 3-5 years, as well as a broader 6-9% CAGR for its Solutions Segments. Additionally, non-GAAP operating expense expectations are raised to 3-6% over the medium term.
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The Nasdaq Stock Market has announced the delisting of common stocks for Tandy Leather Factory and Technical Communications Corporation. Tandy Leather's stock has been suspended since August 13, 2020, while Technical Communications' stock was suspended on January 25, 2021. Nasdaq will file a Form 25 with the SEC to finalize these delistings, effective ten days following the filing. Investors are encouraged to review public filings for details on the delisting and potential trading alternatives.
Nasdaq, Inc. (NDAQ) has received final regulatory approval from the Minister of Industry for its acquisition of Verafin, a leader in anti-financial crime management solutions. This was the last hurdle before the transaction's expected closing on or around February 11, 2021. The acquisition is poised to enhance Nasdaq's offerings in financial crime management, aligning with its strategic objectives to optimize data and software solutions for capital markets.
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On February 10, 2021, Nasdaq CEO Adena Friedman will present at the Goldman Sachs Technology and Internet Conference at 4:30 PM ET. This event will highlight Nasdaq's role as a global technology company serving capital markets with a diverse offering of data, analytics, software, and services. The presentation will be available via webcast on Nasdaq’s Investor Relations Website. For more information, visit ir.nasdaq.com/events.cfm.
In 2020, Nasdaq's European Debt Market grew by 8% due to strong interest in Euro Medium Term Note (EMTN) programs and ESG investments. Corporate debt rose by 18%, marking an ongoing trend since 2019. The Nasdaq Sustainable Debt Market saw a 53% year-over-year increase in total listed volumes. Issuers claimed to have saved 9.5 million metric tons of greenhouse gas emissions, equivalent to Stockholm's emissions. Notably, the Swedish government listed a $2 billion green bond. Nasdaq continues to expand its Sustainable Bond Network, aiming for greater transparency in the market.
On February 1, 2021, Nasdaq announced the delisting of common stocks from five companies: Superconductor Technologies, Gulfport Energy, Apex Global Brands, Pareteum Corporation, and Youngevity International. All these stocks had been suspended prior to the announcement, with suspension dates ranging from September 30, 2020, to November 20, 2020. Nasdaq will file a Form 25 with the SEC to formalize the delistings, which will become effective ten days after the filing. For more details on the delistings, refer to the companies' public filings or Nasdaq's rules on delisting.
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