Nasdaq reported third-quarter net revenue of about $1.5 billion, up 14% organically, and non-GAAP diluted EPS of $1.04, an 18% reported increase. Solutions revenue rose 18% organically to $1.2 billion, led by Capital Access Platforms and Financial Technology, while index revenue climbed 39% to $286 million on record AUM and $49 billion of net inflows. The company completed its acquisition of LeveL Markets on Oct. 15, expected to add $7 million to $8 million of revenue in the fourth quarter, and repurchased $323 million of shares in the quarter. CEO Adena Friedman said the IPO environment has modestly softened in recent weeks as some companies reconsider timing, though the listings pipeline remains robust.
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