Insights into 2024’s Most Valuable Stock Exchanges and NSE’s Upcoming IPO

As the financial landscape continues to evolve, stock exchanges around the globe are constantly vying for the top spot in terms of market capitalization and overall value. In 2024, the National Stock Exchange of India (NSE) has made significant strides, securing its place among the world’s most valuable exchanges. Below, we explore the rankings and key financial metrics of the top exchanges.

🌍 The Top 10 Most Valuable Stock Exchanges in the World (as of May 2024):

1. Intercontinental Exchange — Market Cap: $76.5 billion, Stock YTD Return: 3.9%, PE: 30.6
2. CME Group — Market Cap: $76.3 billion, Stock YTD Return: 0.6%, PE: 24.1
3. London Stock Exchange — Market Cap: $60.8 billion, Stock YTD Return: -1.0%, PE: 65.3
4. Hong Kong Exchanges — Market Cap: $43.1 billion, Stock YTD Return: -0.9%, PE: 28.4
5. Deutsche Boerse AG — Market Cap: $38.0 billion, Stock YTD Return: 0.2%, PE: 19.8
6. Nasdaq — Market Cap: $34.5 billion, Stock YTD Return: 3.0%, PE: 31.9
7. National Stock Exchange (NSE) — Market Cap: $32.8 billion, Stock YTD Return: 67.0%, PE: 32.0
8. Tradeweb Markets — Market Cap: $23.7 billion, Stock YTD Return: 22.5%, PE: 59.1
9. CBOE Global Markets — Market Cap: $19.5 billion, Stock YTD Return: 3.9%, PE: 24.8
10. B3 SA Brasil Bolsa Balcao — Market Cap: $13.0 billion, Stock YTD Return: -18.5%, PE: 16.2

Data Source: The Economic Times — May 11, 2024

🔍 Highlighting the National Stock Exchange of India

The National Stock Exchange (NSE) of India has risen to become the world’s seventh-most-valuable stock exchange, with a market capitalization of $32.8 billion. This remarkable ascent is attributed to its impressive stock YTD return of 67.0%, showcasing robust growth and investor confidence.

📊 NSE Financial Highlights

FY 2024 (₹ in crores):

• Total Revenue: 16,352 (28% YoY growth)
• Operating Revenue: 14,780 (25% YoY growth)
• EBITDA: 11,611 (21% YoY growth)
• Profit After Tax: 8,306 (13% YoY growth)

Q4 FY 2024 (₹ in crores):

• Total Revenue: 5,080 (35% YoY growth)
• Operating Revenue: 4,625 (34% YoY growth)
• EBITDA: 3,610 (31% YoY growth)
• Profit After Tax: 2,488 (20% YoY growth)

🔜 NSE IPO: What You Need to Know

Indian investors are eagerly anticipating the IPO of the National Stock Exchange (NSE). However, several conditions imposed by SEBI need to be met first:

• Glitch-Free Operation: NSE must operate glitch-free for a year.
• Technology Upgrades: Necessary technological upgrades must be completed.
• Improved Corporate Governance: NSE must enhance its corporate governance standards.
• Resolution of Legal Issues: Pending legal issues need to be resolved.

🕰 A Journey Towards the IPO

The NSE began discussions with SEBI about its IPO in January 2020, aiming to launch by September, subject to approvals. Past corporate governance issues and a SEBI investigation into alleged misconduct involving preferential access in the co-location facility have delayed the listing. Despite these challenges, the IPO is expected to launch within 18–24 months.

Key Milestones:

• December 2016: NSE filed draft papers with SEBI for its IPO, initially expected to garner Rs 10,000 crore.
• 2020: Vikram Limaye, then MD and CEO of NSE, confirmed NSE’s approach to SEBI for IPO approval.

🧭 Why This Matters

The financial markets are in a constant state of flux, and staying updated with the latest trends is crucial for investors and professionals alike. Understanding the performance and strategic moves of leading stock exchanges, especially NSE, can provide valuable insights into market dynamics and investment opportunities.

🌐 Read the Full Blog Post Here

For an in-depth exploration of these insights and more detailed analysis, visit our blog: A Comprehensive Look at the World’s Most Valuable Stock Exchanges in 2024 and NSE’s Anticipated IPO

💬 Join the Conversation

We invite you to share your thoughts on the evolving landscape of stock exchanges and NSE’s journey towards its IPO. Engage with us in a meaningful discussion about the future of financial markets and investment opportunities.

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