News Releases

 
NYSE Euronext Continues to Lead U.S. IPO Market as NYSE IPOs Raise $2.2 Bln in 1H 2009
• NYSE  Maintains Lead In U.S. Technology IPOs • Chinese IPOs Return to NYSE Euronext Markets • Strong Capital Raising Activity Through Secondary Offerings by NYSE-listed Companies •

NEW YORK, July 7, 2009—Proceeds raised by companies conducting initial public offerings (IPOs) in the first half of 2009 reinforced NYSE Euronext’s leadership position for companies raising capital through public offerings in the U.S. Through first-half 2009, 11 IPOs on the NYSE, NYSE Euronext’s wholly-owned U.S. subsidiary, raised a total of $2.2 billion in proceeds. (editors please note: all values for dollar proceeds exclude green shoe/over allotments.)

That is the most among major exchanges in Europe and the U.S. (including Deutsche Boerse, LSE Group and Nasdaq OMX), and more than eight times the amount raised by IPOs on Nasdaq OMX, where three IPOs that listed through to the end of June on Nasdaq raised $268 million.  In global markets, IPOs by companies on Brazil’s BMFBovespa and Hong Kong Exchanges and Clearing Ltd (HkEx) raised amounts of capital close to the amounts raised on NYSE Euronext’s (see charts below).

Year-to-date 2009, the NYSE leads with listing of U.S. technology-company IPOs, continuing to dominate Nasdaq in attracting technology companies going public in the U.S. Technology, Media and Telecommunications (TMT) companies consistently raised more in IPO proceeds on the NYSE than Nasdaq every year starting in 2003, with the exception of 2006. With a total market capitalization of its Technology, Media and Telecommunications (TMT) companies of $2.3 trillion, NYX has the largest TMT companies’ market capitalization of any exchange group in the world. 

NYSE IPOs First-Half 2009
In the first half of 2009, 11 issuers raised a total of $2.2 billion in IPO proceeds on the NYSE, more than 90% of initial public offerings that meet NYSE original listing standards and are qualified to list on the NYSE.

"The NYSE has remained committed to growth companies and other IPOs throughout the recent market turbulence,” said Scott R. Cutler, EVP, Head of Listings, Americas, NYSE Euronext. “We have been investing in the development of this market during the downturn, spending time with bankers, VC/PE firms, lawyers and advisors.  We are working with regulators on policy initiatives ranging from market structure to corporate governance. Recent IPO activity in the U.S. and other countries, such as Brazil and China, demonstrates that the IPO market globally is starting to thaw, and we are ready for the next generation of companies to go public, wherever they are located.”

NYSE Euronext Leads Globally in Listing Technology IPOs
In the first half of 2009, technology companies Rosetta Stone (NYSE: RST), Digital-Globe (NYSE: DGI) and SolarWinds (NYSE: SWI) listed on the NYSE, raising more than $543 million in aggregate proceeds. That $543 million is more than twice the proceeds raised by technology companies on Nasdaq, where technology companies raised an aggregate $268 million in first-half 2009.

Since 2007, 18 of 22 technology companies that qualified chose to list on NYSE Euronext’s U.S. markets.

Chinese IPOs Return to NYSE
In the first half of 2009, two Chinese companies went public on the NYSE, Chemspec (NYSE: CPC) and Duoyuan Global Water Inc. (NYSE: DGW), signaling the return of Chinese IPO activity to the U.S. market. This follows a relatively calm year for Chinese IPOs on the NYSE in 2008, when just three Chinese companies went public on the NYSE during the global market downturn, and a very active 2007, when 18 Chinese IPOs went public on the NYSE.

“The first half of 2009 was not without its challenges for companies considering IPOs, and we’re pleased to see that IPO activity by Chinese companies on the NYSE is once again increasing,” said Ronald Kent, EVP, Head of International Listings, NYSE Euronext. “Moreover, we’ve been impressed by signals of a return to IPO activity in other regions, with companies based in markets from Brazil and Canada to India and Israel considering NYSE Euronext markets.”

NYSE Amex, NYSE Euronext’s U.S. market for small and medium-sized growth companies, also attracted a significant number of new listings from China, including the IPO of NIVS Intellimedia Technology Group (NYSE Amex: NIV) early in 2009. This IPO on NYSE Amex brings the total number of IPOs on NYSE Euronext's U.S. markets to 12 in first-half 2009.

Strong Secondary Offering Activity by NYSE Euronext companies
Year-to-date, companies listed on NYSE Euronext raised more capital through secondary offerings than companies listed on any other exchange in the world ($137.8 billion from 257 secondaries.) Companies listed on Nasdaq OMX raised $20 billion from 202 secondaries year-to date. (editors please note: global data that include NYSE Euronext’s European markets)

Follow-on offerings by Chinese companies in 2009 including a recent $250 million capital raising by Suntech Power Holdings Co. Ltd. (NYSE: STP), $242 million raised by Yingli Green Energy Holding Company Ltd. (NYSE: YGE), and $26 million raised by E-House (China) Holdings Ltd (NYSE: EJ).

January – June 2009, Capital Raised on Major Exchanges  (Including Closed-End Funds)

Chart 1:
Includes
closed-end funds and REITs; capital raised does not include green shoe/over allotment; values are rounded (Source:  Dealogic, Exchanges)
--NYSE Euronext includes NYSE (New York), NYSE Euronext (Amsterdam, Brussels, Lisbon, Paris), NYSE Arca, NYSE Amex, NYSE Alternext
--LSE Group includes London, AIM and Borsa Italiana (Milan)
--Nasdaq OMX includes Nasdaq, Stockholm, Copenhagen, Helsinki, Riga (Latvia), Tallinn (Estonia), Vilnius (Lithuania), and Reykjavik (Iceland)
 

January – June 2009, Capital Raised on Major Exchanges  (Excluding Closed-End Funds)

Chart 2:
Excludes
closed-end funds; capital raised does not include green shoe/over allotment; values are rounded (Source:  Dealogic, Exchanges)
--NYSE Euronext includes NYSE (New York), NYSE Euronext (Amsterdam, Brussels, Lisbon, Paris), NYSE Arca, NYSE Amex, NYSE Alternext
--LSE Group includes London, AIM and Borsa Italiana (Milan)
--Nasdaq OMX includes Nasdaq, Stockholm, Copenhagen, Helsinki, Riga (Latvia), Tallinn (Estonia), Vilnius (Lithuania), and Reykjavik (Iceland)

About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies.  The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products.  With more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca and NYSE Amex -- represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group.  NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies.  NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500.  For more information, please visit: http://www.nyx.com

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 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K 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. 

 



Contact: Christiaan Brakman
Phone: 212.656.2094
Email:  cbrakman@nyx.com