NYSE Euronext (NYX), raised more proceeds from Initial Public Offerings
(IPOs) than any other global exchange group in 2011, with $33 billion in
total global proceeds raised from 104 IPOs. In the U.S., for the fifth
consecutive year, NYSE Euronext led the market for IPOs and total
proceeds raised with 89 IPOs. Additionally in the U.S., NYSE gained 16
listing transfers from Nasdaq. In Europe, NYSE Euronext had 44 new
listings, with approximately €150 million in proceeds raised.
"Despite economic uncertainty and volatile global markets in 2011, NYSE
Euronext markets raised more IPO capital than any other venue globally,”
said Scott Cutler, EVP and Co-Head of U.S. Listings and Cash Execution
at NYSE Euronext. "Companies continue to recognize the value and
inherent advantages of listing on NYSE Euronext markets, including our
leading global brand, our trading platform powered by leading
technology, our issuer services offerings and our unique community
strategy that connects issuers with global business partners and
customers.”
"With over 120 filed transactions in our pipeline with approximately $23
billion expected to be raised, we are encouraged by the prospects for
2012,” Cutler added. "Young, innovative, emerging growth companies are
the engines of job creation, and access to capital through IPOs is key
to allowing these enterprises to grow and hire new employees. NYSE
Euronext deeply values its role in supporting this capital raising
process.”
Technology Sector Gains
In 2011, NYSE Euronext listed 44% of the technology IPOs in the U.S.,
bringing 19 new IPOs to the U.S. market. Its success in attracting
leading technology companies such as Fusion-io Inc. (NYSE: FIO), Imperva,
Inc. (NYSE: IMPV), LinkedIn (NYSE: LNKD) and Pandora
(NYSE: P) reflects the evolution of NYSE Euronext’s platform in
capturing leading growth sectors in the economy.
In addition to capturing leading growth sectors, NYSE Euronext continued
to attract IPO listings from the private-equity (PE) community. In 2011,
76% of all PE-backed IPOs listed on the NYSE Euronext U.S markets. Some
of the largest PE-backed companies that listed on the NYSE Euronext in
2011 included BankUnited Inc. (NYSE:BKU), HCA Holdings, Inc. (NYSE:
HCA), Kinder Morgan, Inc. (NYSE: KMI) and Nielsen Holdings
N.V. (NYSE: NLSN) among others.
A Global Listings Venue
Issuers all over the world continue to list on NYSE because they value
the quality of execution and access to the largest pool of capital found
on the U.S. markets. In 2011, NYSE Euronext attracted IPO listings from
international issuers from seven different countries around the world,
including Argentina, British Virgin Islands, China, France, Greece,
Netherlands and South Korea, representing 14% of NYSE-listed IPO
transactions in 2011. Some of the leading international companies that
listed with NYSE Euronext in 2011 included Arcos Dorados Holdings (NYSE:
ARCO), InterXion Holding N.V. (NYSE: INXN), MagnaChip
Semiconductor Corp. (NYSE: MX) and Qihoo 360 Technology Co. Ltd.
(NYSE: QIHU) among others.
Continued Success of Transfers
Companies continue to transfer to the NYSE Euronext because they value
the global listings venue, branding, visibility and tailored customer
services the company offers. Since 2000, NYSE has won 198 transfers from
Nasdaq representing a combined $458 billion in total market
capitalization, including 16 companies with a combined $30 billion in
market capitalization in 2011. Companies that transferred to NYSE from
Nasdaq in 2011 included IMAX Corp. (NYSE: IMAX), Level 3
Communications (NYSE: LVLT), Prosperity Bancshares Inc. (NYSE:
PB) and XO Group Inc. (NYSE: XOXO) among others.
Committed to Growth of Small and Medium Enterprises (SMEs)
In 2011, NYSE Euronext continued to support its commitment to small and
medium enterprises (SMEs) in Europe, helping these issuers leverage the
markets to secure funding needed to finance their development. Of the 44
new listings on NYSE Euronext European markets, 38 were SMEs, with 34
listed on NYSE Alternext.
"In 2011, our European market continued to welcome SME listings,
including 34 companies from different origins and sectors that joined
NYSE Alternext, the tailor-made platform for small and mid-cap
companies, boosting market capitalization by over €500 million, for a
total of €6 billion,” said Diederik Zandstra, Head of International
Listings at NYSE Euronext. "SMEs create value and jobs and are a driving
force in economic development. They represent about 80% of companies
listed with NYSE Euronext in Europe, which places them at the heart of
our business and makes them a strategic priority.”
In 2011, NYSE Euronext European markets welcomed high-profile listings
including three cross-listings from international companies such as Coca-Cola
Enterprises, Hexcel Corporation and SuccessFactors, as
well as four large spin-offs from Aperam (ex- ArcelorMittal, €2.2
billion market cap at listing), TNT (ex- PostNL, €4.8 billion
market cap at listing), Axway (ex- Sopra Group, €300 million
market cap at listing) and Maurel & Prom Nigeria (ex- Maurel
& Prom, €288 million at listing), in addition to the listing of Areva,
which represented a market capitalization of €11.5 billion.
Advocacy Leadership
NYSE Euronext continues to be a strong advocate for clients and the
industry on key issues such as job creation, tax reform, corporate
governance and market structure. The company works to provide its
clients in the US and Europe with an active voice on key policy and
regulatory matters, access to decision makers and key leaders in
government and timely and reliable information about events and issues
impacting our global markets. For more information on the various
initiatives the NYSE Euronext led on behalf of publicly-listed issuers
in 2011, including participation in the review of the Markets in
Financial Instruments Directive (MiFID) in Europe and the IPO Task Force
in the US, please visit the European
Advocacy and U.S.
Advocacy pages of the NYSE Euronext website.
For more information on NYSE Euronext’s Listings performance in 2011,
please click
here to view Scott Cutler’s discussion of these results.
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 approximately 8,000
listed issues (excluding European Structured Products), NYSE Euronext's
equities markets – the New York Stock Exchange, NYSE Euronext, NYSE
Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's
equities trading, the most liquidity of any global exchange group. NYSE
Euronext also operates NYSE Liffe, one of the leading European
derivatives businesses 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 Fortune 500.
For more information, please visit: http://www.nyx.com
