NEW YORK, Nov. 7, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that trading of LGI Homes, Inc. (Nasdaq:LGIH), one of the nation's fastest-growing homebuilders, commenced on The NASDAQ Stock Market on November 7, 2013.
LGI Homes, headquartered in The Woodlands, Texas, engages in the design and construction of entry-level homes in Texas, Arizona, Florida, and Georgia. LGI Homes' core markets include Houston, San Antonio, Dallas/Fort Worth, Austin, Phoenix, Tampa, Orlando, and Atlanta. Since commencing operations in 2003, LGI Homes has constructed and sold over 5,500 homes.
"NASDAQ congratulates LGI Homes on its initial public offering," said Nelson Griggs, Senior Vice President, NASDAQ OMX Corporate Client Group. "LGI Homes is committed to making the dreams of homeownership come true, we are proud to welcome LGI Homes to the NASDAQ family."Since its inception, NASDAQ OMX has consistently been the exchange of choice for some of the world's most innovative and progressive companies across all industries. About NASDAQ OMX: 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, 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-40 microsecond 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 3,400 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 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) 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. NDAQG
CONTACT: NASDAQ OMX Media Contact: Christine Barna (646) 441-5310 Christine.Barna@nasdaqomx.com