The NASDAQ Stock Market Tops U.S. Exchanges in IPOs and Transfers in Q1 2013
Led U.S. market with 33 new listings, including 18 IPOs in the first quarter
Captured four switches while retaining all currently-listed companies
Remains the leading U.S. exchange for technology, financial and healthcare
NEW YORK, April 4, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) today announced that in the first quarter it welcomed 33 new
listings, including 18 initial public offerings (IPO), more than any other
U.S. exchange. Combined proceeds totaled more than $2.18 billion.
Supporting Transformational Technology, Healthcare, Financial and Consumer
Especially noteworthy in the first quarter was NASDAQ's continued strength in
the technology sector. New technology listings on NASDAQ last quarter include
West Corp., Xoom Corporation and The ExOne Co. These new listings make The
NASDAQ Stock Market home to more than 613 technology companies, which make up
more than 75% of U.S. publically-traded companies in this sector.
In addition to its strength in the technology sector, NASDAQ also continued to
attract healthcare and financial IPOs, listing six in each sector during the
first quarter. NASDAQ has led both sectors in total IPOs since 2010.
NASDAQ also attracted two of the three largest private equity-sponsored IPOs
last quarter, Norwegian Cruise Line and West Corp, which together raised more
than $872 million in combined proceeds.
"NASDAQ successfully attracted more new listings than any other U.S. exchange
this quarter, and our pipeline remains strong," said Nelson Griggs, Senior
Vice President, NASDAQ OMX, "Throughout the history of our exchange, we have
prided ourselves on attracting transformational companies of all sizes, and we
are pleased to support them in all stages of their growth, and provide the
platform they need to raise capital."
Leading in Transfers from Competing Exchanges
NASDAQ's value proposition continues to attract more transfers from competing
U.S. exchanges than any other U.S. market. In the first quarter of 2013, four
companies have switched to NASDAQ.In comparison, no companies have moved
their listing away from NASDAQ in the first quarter.
Since 2005, NASDAQ has attracted 131 transfers from other U.S. exchanges,
representing more than $520 billion in combined market capitalization at the
time of the switch. Comparatively, only 86 companies, with a combined market
capitalization of $167 billion, have moved off The NASDAQ Stock Market over
the same time period.
In addition to leading the transfer battle, in January 2013 NASDAQ also
welcomed CyrusOne Inc., a spin-off of Cincinnati Bell (NYSE:CBB).
"It is rare for a company to spin-off and switch exchanges at the time of its
IPO," said Bob McCooey, Senior Vice President, NASDAQ OMX."We believe this is
a testament to our value proposition, and why we continue to attract more
industry-leading companies from competing exchanges than any other market in
the world. We recognize these great companies have a choice of where to list
their shares, and we are honored to be the leader in attracting more new
listings, transfers and spin-offs than any other exchange."
Total New Listings 33
Initial Public Offerings* 18
ETFs, Structured Products, Reverse Mergers & Other Listings 4
Transfers to NASDAQ from Competing Exchanges 4
Upgrades from Over-the-Counter 7
*Includes the following capital raising events: IPO, REIT, Best Effort and
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and
5 central securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process
more than 1 million messages per second at sub-55 microsecond average speeds
with 99.99% uptime, our technology drives more than 70 marketplaces in 50
developed and emerging countries into the future, powering 1 in 10 of the
world's securities transactions. Our award-winning data products and worldwide
indexes are the benchmarks in the financial industry. Home to approximately
3,300 listed companies worth $6 trillion in market cap whose innovations shape
our world, we give the ideas of tomorrow access to capital today. Welcome to
where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX
Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements
about The NASDAQ Private Market and NASDAQ OMX's other businesses, products
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any recommendation to buy or sell any security or any representation about the
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