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NEW YORK, Oct. 24, 2007 – Longtop Financial Technologies Limited, a leading software developer and information technology services provider targeting the financial services industry in China, today opened for trading on the New York Stock Exchange under the ticker symbol “LFT ” after its successful IPO in which it raised $182.6 million.
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Longtop Financial Technologies Limited is a welcome addition to our growing family of Chinese listed companies and further reinforces our strong partnership with the people and business community in China," said NYSE Euronext CEO John A. Thain. "NYSE Euronext looks forward to providing Longtop Financial Technologies Limited and its shareholders with the superior services, market quality and brand visibility associated with listing on NYSE Euronext markets."
To celebrate this special occasion, Longtop Financial Technologies Limited Chief Executive Officer Weizhou Lian rang today’s opening bell, joined by NYSE Euronext Executive Vice President, Global Corporate Client Group, Noreen M. Culhane.
Please click on the following link for the photo from today's event.
Background on NYSE Euronext-China:
• The NYSE now has 43 companies listed from the Greater China Region, including 31 from Mainland China, 7 from Hong Kong, and 5 from Taiwan.
• In 2007 through October 24, 2007, the NYSE listed 12 companies from Greater China.
• The total global market capitalization of the 31 NYSE-listed Chinese companies from the Chinese mainland is $1.1 trillion, and for the 43 companies from greater China, $1.6 trillion.
About Longtop Financial Technologies Limited (NYSE: LFT )
Longtop Financial Technologies Limited (NYSE “LFT”) (“Longtop”) is a leading software developer and information technology services provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software solutions with a focus on meeting the rapidly growing IT needs of financial institutions in China.
About NYSE Euronext (NYSE: NYX )
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext'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 Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. 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 Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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