The Challenge
As the technology that powers the world’s market operators, clearinghouses and regulators, Nasdaq sought to create a very specific and truly custom milestone award that captures the details behind an initial public offering. With an existing partnership between Nasdaq and Cristaux, it was essential to create consistency to align with a line of awards that Cristaux had recently developed, but highlighted the details of an IPO, inclusive of offering price, size, official opening price, and volume into one award.