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NYSE Euronext Leads U.S. IPO Market, With $19 Billion in IPO Proceeds on Its U.S. Markets Including Secondaries, Companies Raised Most Capital In World On NYSE Euronext Markets

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With more IPO listings still on the horizon before year-end, NYSE Euronext’s U.S. markets (NYSE/NYSE Amex) for the fifth consecutive year lead the U.S. IPO market, with over $19 billion in IPO proceeds raised, compared with $8 billion on Nasdaq.

Combined, as of Nov. 30, 2009, NYSE Euronext’s European and U.S. markets rank second globally with almost $21 billion raised through IPOs in 2009, just below the near $23 billion in IPO proceeds raised on Hong Kong Exchanges and Clearing Limited (HKEx), according to Dealogic. (see chart below)

NYSE Euronext’s U.S. markets have not only raised more in dollar proceeds, but, for the first time, also are scheduled to attract a larger number of IPO transactions than any other U.S. market by year-end. An additional 8 IPOs are scheduled to go public on the NYSE in the next two weeks, to raise an estimated additional $2.7 billion in proceeds, as compared with only one or two more IPOs scheduled on Nasdaq to raise up to an estimated $180 million.

“More than any other exchange group, in 2009 NYSE Euronext’s U.S. markets were able to capture the renewed momentum in IPO listings,” said Scott Cutler, EVP and NYSE Euronext Head of Listings, Americas. “Issuers from the U.S. and abroad choose to list on our platforms, demonstrating the strength of our global brand and the value of our markets. Qualifying companies large and small prefer NYSE Euronext as their listing partner because of our superior platform for IPO execution and post-IPO trading support, our market model with accountability to issuers to drive liquidity, and the opportunity to join our leading network of listed companies. While we are still concerned about costs and potential new regulatory burdens for companies going public, we are optimistic about IPO momentum building into 2010 for companies of all sizes and sectors.”

The first major IPO in 2009 was in February, when Mead Johnson Nutrition Company (NYSE: MJN) listed on the NYSE, followed by a string of technology transactions. As the year progressed, the NYSE experienced growing IPO momentum as confidence among issuers and investors began to improve, and investors were attracted to offerings listing on the highest quality marketplace. The NYSE’s 2009 success in IPOs lays a solid foundation for 2010. In addition, NYSE Euronext markets lead the world in secondary capital raisings, setting a new yearly record with $200 billion raised in over 400 transactions.

NYSE Euronext’s U.S. Markets To Attract More IPO Proceeds and Transactions than Nasdaq in 2009

Dealogic data shows that operating companies (excluding Closed-End Funds and REITS) raised nearly double the IPO proceeds on NYSE Euronext’s U.S. markets as on Nasdaq, and well over double if REITS and Closed-End Funds are included. NYSE Euronext’s U.S. markets also are attracting more total IPO transactions than Nasdaq, and are expected to top Nasdaq’s operating company IPO total by year-end. Further, companies going public on NYSE Euronext’s European platform raised more in IPO proceeds than LSE Group, which is far behind the top global exchanges in raising IPO capital in 2009. NYSE Euronext’s European markets also attracted the largest IPO in Western Europe this year.

Notable IPOs on the NYSE in 2009 included Banco Santander Brasil S.A. (NYSE: BSBR), the largest IPO globally of 2009; Dole Food Company Inc. (NYSE: DOLE); Dollar General Corporation (NYSE: DG), Hyatt Hotels Corporation (NYSE: H); and Emdeon Inc. (NYSE: EM). Smaller-sized growth-oriented companies to list on the NYSE included Vitamin Shoppe Inc. (NYSE: VSI); STR (NYSE: STRI); Bridgepoint Education Inc. (NYSE: BPI); Digital Globe Inc. (NYSE: DGI); Rosetta Stone Inc. (NYSE: RST) and SolarWinds Inc. (NYSE: SWI). International IPOs on NYSE Euronext in 2009 included smaller-sized, high-profile Chinese IPOs as well as Delta Lloyd N.V. (NYSE Euronext: DL), the largest IPO in Western Europe.

For an overview of IPO data on major exchanges through Nov. 30, 2009, please see: (Source: Dealogic)

IPOs by proceeds raised (US$, in billions) on major exchanges:

  All     Operating   REITs   CEFs
HKex 22.9     22.9        
NYSE Euronext 20.9     16.1   2.5   2.3
Shanghai 16.1     16.1   -   -
BMF & Bovespa 12.7     12.7   -   -
Nasdaq OMX 8.1     8.1   -   -
Shenzhen 7.3     7.3   -   -
LSE Group 0.9     0.2   0.5   0.2
 

IPOs by number of transactions on major exchanges:

  All     Operating   REITs   CEFs
HKEx 48     48        
NYSE Euronext 45     24   8   13
Shanghai 5     5   -   -
BMF & Bovespa 5     5   -   -
Nasdaq OMX 29     29   -   -
Shenzhen 73     73   -   -
LSE Group 12     8   2   2

NYSE vs Nasdaq:

Totals   US$, in billions   IPOs
NYSE Euronext   20.9   45

-- NYSE Group

 

19.3

  43

-- Euronext

  1.6   2

Nasdaq

  8.1   29

-- Nasdaq (US)

  8.0   28

-- OMX only

  0.1   1
By Type   Operating Companies       REITs       CEFs    
    US$, in billions   IPOs   US$, in billions   IPOs   US$, in billions
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