News Releases

NEW YORK, November 16, 2007 – 3PAR Inc., the leading global provider of utility storage, based in Fremont, Calif., today celebrated its listing on NYSE Arca, NYSE Euronext’s fully electronic market for emerging issuers, after its successful IPO in which it raised $105 million.

“We welcome 3PAR’s listing on NYSE Arca,” said NYSE Euronext CEO John A. Thain. “NYSE Arca offers 3PAR and its shareholders a highly liquid and efficient market, and we look forward to providing the company with the superior market quality, liquidity and brand visibility associated with listing on NYSE Euronext markets.”

“As a technology company new to the public market, we chose NYSE Arca because we believe it will provide a valuable listing platform for 3PAR, offering enhanced brand visibility and market liquidity for our stockholders,” said David Scott, President and CEO of 3PAR.

3PAR will trade on NYSE Arca under the ticker symbol “PAR”. NYSE Arca's affiliation with the NYSE through their common parent, NYSE Euronext, is a benefit to 3PAR as its join NYSE Arca, NYSE Euronext’s fully electronic trading platform.

3PAR is the 126th new issue, 13th operating company and the third technology company to list on NYSE Arca since the 2006 merger between the former NYSE and Archipelago Holdings, Inc. Several more NYSE Arca listings, including by leading technology companies, are imminent.

Technnology sector new listings on NYSE Group markets in 2007 include Netezza Corporation (NYSE Arca: NZ), the first technology listing on NYSE Arca, followed by Compellent (NYSE Arca: CML). NYSE technology listings so far this year include  VMWare (NYSE: VMW), Teradata Corporation (NYSE: TDC), Orbitz Worldwide, Inc. (NYSE: OWW), PROS Holdings, Inc. (NYSE: PRO), Metro PCS Communications (NYSE: PCS), Dice Holdings Inc (NYSE: DHX), Solera Holdings (NYSE: SLH) and Genpact (NYSE: G).

About 3PAR (NYSE Arca: PAR)

3PAR is the leading global provider of utility storage, a category of highly virtualized tiered-storage arrays built for utility computing. 3PAR Utility Storage allows users to reliably serve more with less. Organizations creating virtualized IT infrastructures for workload consolidation and flexible resource allocation use 3PAR to reduce the costs of allocated storage capacity, storage administration and SAN infrastructure. Distinct advantages in simplicity, efficiency, and massive scalability make 3PAR Utility Storage well-suited for open systems storage consolidation, integrated data lifecycle management, and performance-intensive applications. For more information, visit the 3PAR Website at: www.3PAR.com.  (SOURCE: 3PAR Inc.)

About NYSE Euronext (NYSE: NYX)

NYSE Euronext is a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., which 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.

Background about listing on NYSE Arca^SM:

NYSE Euronext’s multiple market platforms share similar attributes, providing superior trading quality over competitor models. In the NYSE Arca market model, listed issuers participate in the selection of a “Lead Market Maker” responsible for maintaining tight spreads and providing the opportunity for price improvement. NYSE Arca has captured a significant portion of trading in Nasdaq stocks by providing excellent market quality, as measured by its superior effective spreads and speed.

NYSE Arca listing standards extend the NYSE’s focus on providing a listing and trading venue for quality companies.

• Emerging growth companies – both domestic as well as non-US companies - have the opportunity to list on NYSE Arca as an alternative listing venue, enabling NYSE Euronext to compete for smaller-sized companies that previously did not qualify.

• NYSE Arca is a globally recognized, fully electronic platform that trades around one billion shares each day on average, and that is growing quickly.

• NYSE Arca-listed companies participate in the selection of a “Lead Market Maker” responsible for maintaining depth and quality of trading in the stock. The “Lead Market Maker” brokerage firm has quote and execution obligations and the responsibility for keeping tight spreads in the stock – resulting in the superior market quality that issues have come to expect. 

• NYSE Arca's affiliation with NYSE, through their common parent NYSE Euronext, is attractive to companies considering a listing on NYSE Arca.  These companies have the ability to choose their own lead market maker which provides additional liquidity in their shares.  In addition, NYSE Arca listed companies have the opportunity, once they qualify, to seamlessly transfer to the NYSE without paying the initial listing fee.

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