Bloomberg Talks Nasdaq Chair & CEO Adena Friedman Talks Earnings
Jul 24, 2025
Adena Friedman, Chair and CEO of Nasdaq, shares insights into the company's impressive growth and earnings in the first half of the year. She discusses the rising confidence in IPOs, highlighting successes in large-cap companies and the booming biotech and tech sectors. Adena also delves into the intriguing resurgence of meme stocks and the transformative impact of AI in finance. Additionally, she explores how tokenization is revolutionizing trading by enhancing market access while maintaining the integrity of underlying equities.
AI Snips
Chapters
Transcript
Episode notes
Strong Nasdaq Growth Across Divisions
- Nasdaq saw 12% revenue growth and 24% EPS growth in the first half of the year, surpassing expectations.
- Growth was broad across financial technology, capital access platforms, and listings, indicating strong market momentum.
Large-Cap IPO Success Boosts Market
- Large-cap companies that went public early this year performed well, boosting investor and company confidence.
- This trend led to an unexpectedly active IPO market with increasing dates planned, especially post-Labor Day.
Digital Sectors Lead IPO Recovery
- Digital-oriented sectors like biotech, software, AI infrastructure, and crypto show stronger IPO activity.
- Companies more dependent on the physical economy face delays due to market uncertainty and tariff impacts.