NASDAQ OMX Announces First Quarter 2010 New Listings Statistics
27 April 2010 - 1:31AM
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The
NASDAQ Stock Market
® (NASDAQ
®) captured a
total of 41 new listings in the first quarter of 2010, highlighted
by a promising IPO market which brought 15 new companies to NASDAQ.
The two largest domestic technology IPOs of the quarter chose to
list on NASDAQ. SS&C Technologies (Nasdaq:SSNC), a leading
provider of financial management software, and QuinStreet
(Nasdaq:QNST), a leader in vertical marketing and media on the
Internet, raised $160 million and $150 million, respectively.
NASDAQ continues to be the leading exchange for technology
companies and is home to over 80% of the technology companies
listed on a U.S. national exchange.
Another positive sign for the market was the pricing of 3
biotechnology IPOs, all of which decided to list their shares on
NASDAQ. Those companies included Ironwood Pharmaceuticals
(Nasdaq:IRWD), AVEO Pharmaceuticals (Nasdaq:AVEO) and Anthera
Pharmaceuticals (Nasdaq:ANTH).
Other notable domestic IPOs included Financial Engines
(Nasdaq:FNGN), Meru Networks (Nasdaq:MERU) and First Interstate
BancSystem (Nasdaq:FIBK).
Also during the quarter, the shares of Madison Square Garden
(Nasdaq:MSG) began trading on NASDAQ after the company's spin-off
from Cablevision Systems (NYSE:CVC). In addition, Verizon
Communications (Nasdaq:VZ) (NYSE:VZ) dual listed their shares on
NASDAQ while Coffee Holding Co. (Nasdaq:JVA) celebrated their
switch from NYSE Amex.
The new listings are comprised of the following categories:
|
1ST Qtr 2010
|
Total New Listings
|
41
|
NYSE Group Switches
|
1
|
Initial Public Offerings
|
15
|
Upgrades from Over-the-Counter
|
11
|
ETFs, Structured Products & Other
Listings
|
14
|
NASDAQ welcomed six companies from Greater China in the first
quarter. NASDAQ currently lists 130 companies headquartered in
Greater China, more than any other U.S. exchange. First quarter
Chinese listings were highlighted by the successful IPO of China
Lodging Group (Nasdaq:HTHT). China Lodging Group raised $110
million, making it the largest Chinese IPO in the U.S. so far this
year. Chinese listings included the IPOs of China Electric Motor
(Nasdaq:CELM) and Andatee China Marine Fuel Services (Nasdaq:AMCF)
as well as over-the-counter upgrades of SinoCoking & Coke
Chemical Industries (Nasdaq:SCOK), Subaye (Nasdaq:SBAY) and China
Recycling Energy Corp. (Nasdaq:CREG).
NASDAQ is also proud to announce the listing of nine new ETFs
during the first quarter including five iShares MSCI Sector ETFs
(Nasdaq:AXFN), (Nasdaq:EMFN), (Nasdaq:EMMT), (Nasdaq:EUFN),
(Nasdaq:FEFN), two First Trust Precious Metal ETFs (Nasdaq:CU),
(Nasdaq:PLTM).
To view all new NASDAQ listings in the first quarter, please
visit http://media.globenewswire.com/cache/6948/file/8136.pdf.
Statistics are sourced from internal NASDAQ information. IPOs
include offerings done on a "best efforts" basis and do not include
real estate investment trusts and closed-end funds. For more
information about these and other NASDAQ statistics, visit
http://www.nasdaqomx.com/listingcenter/usmarket/.
About the NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange
company. It delivers trading, exchange technology and public
company services across six continents, with approximately 3,700
listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S.
listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX
First North, and the U.S. 144A sector. The company offers trading
across multiple asset classes including equities, derivatives,
debt, commodities, structured products and exchange-traded funds.
NASDAQ OMX technology supports the operations of over 70 exchanges,
clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not
legal entities but describe the common offering from NASDAQ OMX
exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn,
Riga, and Vilnius. For more information about NASDAQ OMX, visit
http://www.nasdaqomx.com.
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates
(collectively "NASDAQ OMX") makes any recommendation to buy or sell
any security or any representation about the financial condition of
any company. Investors should undertake their own due diligence and
carefully evaluate companies before investing.
NDAQG
CONTACT: The NASDAQ OMX Group, Inc.
Media Contacts:
Marisha Chinsky
+1.646.441.5258
Marisha.Chinsky@NASDAQOMX.com
Jolene Libretto
+1.646.441.5220
Jolene.Libretto@NASDAQOMX.com
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