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NYSE Lists MasterCard, Largest Domestic U.S. IPO in 2006
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NEW YORK, May 25, 2006 – Today the New York Stock Exchange listed the largest domestic U.S. IPO of 2006 when MasterCard Incorporated began trading under the ticker symbol “MA.” Raising $2.4 billion in its IPO, MasterCard is the largest domestic U.S. IPO of 2006 and the largest IPO on the NYSE year-to-date.
“We’re delighted to welcome MasterCard to our family of listed companies,” said NYSE Group CEO John A. Thain. "MasterCard is the largest IPO of 2006, a recognized leader in the financial services business, and an outstanding global brand. We look forward to a great partnership with MasterCard and to providing the company and its shareholders with superior market quality and global visibility.”
Headquartered in Purchase, NY, there are more than one billion cards issued through the MasterCard family of brands, including MasterCard®, Maestro® and Cirrus®. The company serves consumers and businesses in more than 210 countries and territories, and is a partner to 25,000 of the world’s leading financial institutions.
In 2005, the NYSE obtained approximately 91.5% of all domestic IPOs that qualified to list under the NYSE's standards, as measured by the aggregate proceeds raised by companies listing on U.S. exchanges. These IPOs represented $21.3 billion in proceeds.
See the NYSE IPO Showcase
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. Our listed operating companies represent a total global market capitalization of over $22.9 trillion. In the first quarter 2006, on an average trading day, over 1.7 billion shares, valued at over $65 billion, were traded on the NYSE.
NYSE Arca operates the first open, all-electronic stock exchange in the United States and has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca is also an exchange for trading equity options. NYSE Arca’s trading platform links traders to multiple U.S. market centers and provide customers with fast electronic 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. Information contained on our website does not constitute a part of the prospectus relating to the proposed offering.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release or disclosures on this website 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 Annual Report on Form 10-K and other 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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