SuccessFactors Switches Listing to NYSE, Deutsche Boerse
SuccessFactors Inc. (SFSF) said it will list its stock on U.S. and European venues owned by NYSE Euronext (NYX) and Deutsche Boerse AG, which plan to merge to create the world’s largest exchange operator.
The shares will be listed in late April or early May on the New York Stock Exchange, NYSE Euronext Paris and a market run by Frankfurt-based Deutsche Boerse, according to Andrea Meyer, a spokeswoman for the company. The stock’s current home market is run by Nasdaq OMX Group Inc. (NDAQ) in the U.S.
SuccessFactors, a business-software developer based in San Mateo, California, rallied to a record high of $39.27 on April 4 after rising 36 percent in 2011 and 189 percent in 2010.
To contact the reporter on this story: Nina Mehta in New York at nmehta24@bloomberg.net.
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.
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