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.
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