In the first half of 2012, NYSE Euronext (NYX) raised $17.1 billion in total global proceeds from Initial Public Offerings (IPO) on 66 IPOs. In the U.S., NYSE Euronext listed 62% of all U.S. IPOs bringing 56 new IPOs to the U.S. market, recently ending the quarter with the successful listing of ServiceNow, Inc. (NYSE: NOW). Additionally in the U.S., NYSE gained eight listing transfers. In Europe, NYSE Euronext had 16 new listings, with approximately €1.2 billion in proceeds.
"Despite global business, economic and political uncertainty in the first half of 2012, we completed a significant number of IPO capital market transactions," said Scott Cutler, EVP, Head of Global Listings at NYSE Euronext. "We saw fewer debuts of large IPOs than in the first half of 2011, but emerging growth companies from technology, financial services and energy were the most active sectors. If volatility remains low and economic contagion remains controlled, we expect selective IPO open windows to persist through the second half of 2012. Our biggest concerns remain trust, transparency and accountability in our public markets."
"We achieved significant milestones in the first half of the year supporting entrepreneurship, innovation and job growth,” Cutler added. “We were pleased to work with the NVCA and the IPO Taskforce on the JOBS Act, which was signed into U.S. law in April. We have already seen emerging growth companies from around the world file under the Act and expect many of these to come to market this year. We also announced an exciting initiative, the NYSE Big StartUp, designed to facilitate access to capital, partnerships, training, mentoring and business development between entrepreneurs and public corporations."
Leading in U.S. Technology ListingsIn the first half of 2012, NYSE Euronext listed 53% of the technology IPOs in the U.S., bringing 16 new IPOs to the U.S. market, including the recent IPO of ServiceNow, Inc. (NYSE: NOW). NYSE Euronext’s continued support of the success of these emerging growth companies is reflected in the fact that leading technology companies continue to list on the exchange. Technology-based listings on NYSE in the first half of 2012 included Demandware Inc. (NYSE: DWRE), Exact Target Inc. (NYSE: ET), Guidewire Software Inc. (NYSE: GWRE), Infoblox Inc. (NYSE: BLOX), Millennial Media Inc. (NYSE: MM) and Yelp Inc. (NYSE: YELP). For the second half of 2012, the pipeline of technology deals looks strong and NYSE Euronext looks forward to welcoming future technology leaders into its community. In addition to capturing high growth sectors, NYSE Euronext continued to attract listings from leading U.S. consumer brand names. Some of the U.S. consumer brand companies that listed on NYSE Euronext in the first half of 2012 included Annie’s Inc. (NYSE: BNNY), Burger King Corporation (NYSE: BKW), Tilly’s Inc. (NYSE: TLYS) and Tumi Holdings Inc. (NYSE: TUMI). A Leader in U.S. Transfers Companies continue to transfer to NYSE Euronext because they value the global listings venue, branding, visibility and tailored customer services the company offers. In the first half of 2012, eight companies transferred to the NYSE with three departures from the NYSE and one from NYSE MKT. Since 2000, NYSE has won 206 transfers representing a combined $509 billion in total market capitalization. Of the eight companies that moved to the NYSE in 2012, two were among the top 100 market cap companies listed on Nasdaq – Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) and TD Ameritrade Holding Corporation (NYSE: AMTD). Additional companies that transferred to NYSE in the first half of 2012 included Halcon Resources Corporation (NYSE: HK), Hercules Technology Growth Capital Inc. (NYSE: HTGC), Kaman Corporation (NYSE: KAMN) – the 200 th transfer to the NYSE, and Team Inc. (NYSE: TISI). Continued Global Success NYSE Euronext’s global venues continued to attract leading companies from around the world in the first half of 2012. In Europe, Groupe Eurotunnel (ticker: GET) announced that it will become the first company to be admitted to trading on NYSE Euronext London, BTG Pactual (ticker: BTGP), Brazil’s largest investment bank, listed on NYSE Euronext Amsterdam and Solvay (ticker: SOLB), a leading global player in chemicals completed a secondary listing on NYSE Euronext in Paris. In the U.S., global industry leaders such as AVG Technologies NV (NYSE: AVG) from Czech Republic, Cementos Pacasmayo (NYSE: CPAC) from Peru and Cencosud S.A. (NYSE: CNCO) from Chile, all listed on NYSE. “Issuers around the world increasingly list on NYSE Euronext because they value the quality of execution and access to the largest pool of capital,” said Cutler. “Issuers, investors and the trading community have relied on our unique high-touch, high-tech model for years. We appreciate the choice existing and new issuers are making to list on our marketplace and we continue to look for opportunities to unlock the potential of our community, the largest b2b network in the world, for our partners.”
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