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$64 billion has been raised from IPOs & follow-on offerings this year already - nearly double any other year on record.
Exchanges get 1x and recurring listing fees from IPOs - the boom we're seeing now will show up in listings revenue for years to come.
$ICE $NDAQpic.twitter.com/sT34NuNc3a
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Yes delistings shrink the subscription base, exchanges need to see net new listings over time for listings revenue to increase above normal rate hikes.
End of conversation
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