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 Capital-Backed Listings 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 Spin-offs|
CONTACT: NASDAQ OMX Media Relations Contacts: Will Briganti +1.646.441.5012 William.Briganti@NASDAQOMX.com