Led U.S. market with 33 new listings, including 18 IPOs in the first quarter of 2013
Captured four switches while retaining all currently-listed companies
Remains the leading U.S. exchange for technology, financial and healthcare IPOs
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 Companies
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."
| Q1 2013 | ||
| 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 Spin-offs
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)
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.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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