The NASDAQ Stock Market Leads U.S. Exchanges in IPOs for Q3 2013
Strong September Brings NASDAQ's Quarterly IPO Total to 38
91 IPOs YTD at End of Third Quarter 2013
Remains the Leading U.S. Exchange for Technology, Biotechnology and Venture
NEW YORK, Sept. 30, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) today announced that it welcomed 59 new listings in the third
quarter of 2013, including 38 initial public offerings (IPO) – more IPOs than
any other U.S. exchange. Combined proceeds raised by NASDAQ's 91 IPOs in 2013
year-to-date total more than $10 billion.
Recent momentum in the U.S. IPO market is ahead of previous years. In the
first three quarters of 2013, 166 companies have gone public on U.S. markets,
as compared to 109 for the same period in 2012. This is the most IPOs over the
first nine months of any year since 2007.
"NASDAQ has attracted more new listings than any other U.S. exchange for the
first three quarters of 2013 as IPO activity continues to pick up pace," said
Nelson Griggs, Senior Vice President, NASDAQ OMX. "In the last two weeks of
September alone, 17 companies from a range of industries listed via an initial
public offering on the NASDAQ Stock Market and we see a very strong pipeline
for the remainder of the year."
Especially noteworthy in the third quarter was sustained momentum with venture
capital and private equity-backed listings. Approximately 72 percent of
venture capital-backed IPOs list on NASDAQ and several notable private
equity-backed companies made their IPO on NASDAQ during the third quarter,
including: specialty grocery store operator Sprouts Farmers Market
(Nasdaq:SFM); high performance suspension product manufacturer Fox Factory
Holding Corp. (Nasdaq:FOXF); diversified lumber and building materials
distributor and solutions provider Stock Building Supply Holdings
(Nasdaq:STCK); and wind power company Pattern Energy Group (Nasdaq:PEGI).
NASDAQ also maintained its dominance in the third quarter of 2013 with
technology listings, welcoming nine technology companies, including:
cybersecurity software provider FireEye Inc. (Nasdaq:FEYE); digital
advertising technology provider Rocket Fuel (Nasdaq:FUEL); digital coupon
marketplace operator RetailMeNot Inc. (Nasdaq:SALE); and HR/benefits
technology provider Benefitfocus (Nasdaq:BNFT), bringing NASDAQ's total number
of technology IPOs to 19 for 2013 year-to-date. Technology companies listed on
NASDAQ are currently trading 47 percent above their IPO prices. NASDAQ is home
to over 75 percent of technology companies listed on U.S. exchanges.
In addition, NASDAQ's value proposition continues to attract listing transfers
from competing U.S. exchanges. Four companies switched to NASDAQ in the third
quarter of 2013, including VimpelCom (Nasdaq:VIP), a $19 billion
telecommunications leader based in the Netherlands, and Old National Bancorp
(Nasdaq:ONB), the largest financial services bank holding company
headquartered in Indiana with $9.6 billion in assets.
Total New Listings 59
Initial Public Offerings* 38
Upgrades from Over-the-Counter 10
ETF, Structured Products, Reverse Mergers & Other Listings 7
Transfers to NASDAQ from Competing Exchanges 4
*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
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(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
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
and offerings. We caution that these statements are not guarantees of future
performance. Actual results may differ materially from those expressed or
implied in the forward-looking statements. Forward-looking statements involve
a number of risks, uncertainties or other factors beyond NASDAQ OMX's control.
These factors include, but are not limited to factors detailed in NASDAQ OMX's
annual report on Form 10-K, and periodic reports filed with the U.S.
Securities and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
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