News Releases

 
TAM S.A., Joins NYSE Group, Inc. as 3rd Latin American IPO for 2006
-90th Latin American Company Listed on the NYSE -

·3rd Latin American IPO on NYSE in 2006 raises $692 million in proceeds·Brings total number of NYSE listings from Brazil to 34

·NYSE Group’s 4th Latin American airline listing

NEW YORK, March 10, 2006 – The NYSE Group, Inc. on Friday listed its 90th company from Latin America and the 34th from Brazil when TAM S.A.   (NYSE:TAM), a leading airline operator, joined its roster of listed companies in an initial public offering that raised $692 million in proceeds. 

Headquartered in Sao Paolo, Brazil, TAM S.A. followed in the footsteps of recent Latin American IPOs on the NYSE including Grupo Aeroportuario del Pacífico, S.A. de C.V. (NYSE: PAC), which raised US$870 million on Feb.27, and Ternium S.A. (NYSE:TX), which raised US$543 million on Feb. 1. In 2006 year to date, IPOs from Latin America on the NYSE have raised more than $2 billion.

TAM S.A. is the fourth airline company from Latin America to be listed on the NYSE. The others are Lan Airlines (NYSE: LFL) from Chile, Gol Linhas Aereas Inteligentes (NYSE: GOL) from Brazil and Copa Holdings  (NYSE: CPA) from Panama.

The market capitalization of all Brazilian listed companies listed on the NYSE is $300 billion, representing 60% of the total market capitalization of all Latin American companies listed on the NYSE.

In 2006 year to date, the average daily trading volume by Latin American companies on the NYSE reached 38 million shares, with a total average daily dollar value of trading of $1.3 billion. 

Click here for a complete list NYSE-listed issues from Latin America.

About NYSE Group, Inc.
NYSE Group, Inc. (NYSE: NYX) is a holding company that, through its subsidiaries, is a leading global multi-asset financial marketplace that operates multiple securities market centers, including the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or Arca Ex®, and the Pacific Exchange).  Through these market centers, the NYSE Group is a leader in securities listings, market-information products and services, and offers a range of investment vehicles and order execution services. 

The NYSE is the world’s largest and most liquid equities market where customers can choose between the floor-based auction market and sub-second electronic trading.  The NYSE provides a reliable, orderly and efficient marketplace where investors meet directly to buy and sell listed companies’ common stock and other securities.  On an average day, over 1.8 billion shares valued at more than $69 billion trade on the NYSE, where the total global market capitalization for its listed companies is $22.5 trillion.         

NYSE Arca is the first open, all-electronic stock market in the United States enabling customers to trade equity securities, including those listed on NYSE Arca, the NYSE and other U.S. equities markets, and options products.  NYSE Arca’s trading platform links traders to multiple U.S. market centers where buyers and sellers meet directly in a highly-liquid electronic environment without intermediaries for fast order execution and open, direct and anonymous market access.  

NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws.  NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.            

For more information on NYSE Group, go to: www.nyse.com   

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements are based on NYSE Group’s current expectations and involve risks and uncertainties that could cause NYSE Group’s actual results to differ materially from those set forth in the statements.  There can be no assurance that such expectations will prove to be correct.  Actual results may differ materially from those expressed or implied in the forward-looking statements.  Factors that could cause NYSE Group’s results to differ materially from current expectations include, but are not limited to:  NYSE Group’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Group’s Registration Statement on Form S-4 and periodic reports filed with the U.S. Securities and Exchange Commission.  In addition, these statements are based on a number of assumptions that are subject to change.  Accordingly, actual results may be materially higher or lower than those projected.  The inclusion of such projections herein should not be regarded as a representation by NYSE Group that the projections will prove to be correct.  We undertake no obligation to release any revisions to any forward-looking statements.

 

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Contact: Allison Circle
Phone: 212.656.5717
Email:  acircle@nyse.com