Nasdaq, Inc.
 |
|
| Public | |
| Traded as |
NASDAQ: NDAQ S&P 500 Component |
| Industry | Financial services |
| Founded | February 8, 1971 |
| Headquarters | One Liberty Plaza, New York City, New York, United States |
|
Area served
|
United States, Europe |
|
Key people
|
Robert Greifeld (Chairman) Adena Friedman (CEO) |
| Products | Derivatives, Equity trading platforms, Futures and options markets, Market data, , Financial technology and related services |
| Revenue |
 US$ 3.438 billion (2011) |
|
US$ 678 million (2011) |
|
 US$ 387 million (2011) |
|
| Total assets |
US$ 14.09 billion (2011) |
| Total equity |
US$ 4.976 billion (2011) |
|
Number of employees
|
2,503 (2012) |
| Subsidiaries | NASDAQ, OMX |
| Website | business |
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates the NASDAQ stock market and eight European stock exchanges, namely , , , , , , , and NASDAQ OMX Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman. Its former CEO, Robert Greifeld,is now chairman.
In December 2005, the (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as "derisory". It then received a bid in March 2006 for £2.4 billion from NASDAQ (National Association of Securities Dealers Automated Quotations), which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share. NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares. The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Euronext, owner of the .
Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However, only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected on February 10, 2007.
On October 2, 2007, NASDAQ purchased the . On November 7, NASDAQ announced an agreement to purchase the .
On May 25, 2007, NASDAQ agreed to buy OMX, the Swedish-Finnish financial company that controls 7 Nordic and Baltic stock exchanges, for USD 3.7 billion to form NASDAQ OMX Group. As of February 27, 2008, the deal was completed.
On June 18, 2012, NASDAQ became a founding member of the United Nations on the eve of the United Nations Conference on Sustainable Development (Rio+20).
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