NYSE Euronext (NYX), for the second consecutive year, raised more proceeds from Initial Public Offerings (IPOs) than any other global exchange group in 2012 with $36 billion in total global proceeds raised from 117 IPOs and listed the majority of U.S. technology IPOs. In the U.S., the New York Stock Exchange (NYSE) and NYSE MKT combined led the market with 79 IPOs and 16 transfers. In Europe, NYSE Euronext welcomed 25 new listings, with approximately €2.7 billion ($3.5 billion) in proceeds raised.
"Issuers successfully raised more IPO capital on NYSE Euronext markets than any other exchange in 2012, despite the lingering uncertainty that weighed on the global economy,” said Scott Cutler, EVP, Head of Global Listings at NYSE Euronext. “We’re especially proud to be the U.S. leader in new technology listings and market transfers. This success spans from our superior market quality and innovative technology platform, the strength of our global brand and world-class issuer community, and our commitment to providing best in class services and unprecedented value to our customers.”
“Looking to 2013, the IPO pipeline is very strong with nearly $17 billion in deals pending,” Cutler added. “We look to continue our success in attracting quality issuers to our markets, delivering unsurpassed value to these companies and their shareholders, and contributing to economic growth and well-being throughout the world.”
New Home for a New Generation of Tech Innovators
In 2012, 52% of U.S. technology IPOs listed on NYSE, making NYSE Euronext the leader in technology IPOs in the U.S. and new home for a new generation of tech innovators. Among the technology-based listings on NYSE in 2012 were: Exact Target Inc. (NYSE: ET), Millennial Media Inc. (NYSE: MM), Palo Alto Networks (NYSE: PANW), Service Now Inc (NYSE: NOW), Workday (NYSE: WDAY) and Yelp Inc. (NYSE: YELP).
In addition to capturing high growth sectors, NYSE Euronext continued to attract listings from leading U.S. consumer brand names in 2012, including Annie’s Inc. (NYSE: BNNY), Burger King Corporation (NYSE: BKW), Restoration Hardware Holdings Inc. (NYSE: RH) and Tumi Holdings Inc. (NYSE: TUMI).
The company also continued to attract leading global companies from all over the world to its U.S. platform. Manchester United (NYSE: MANU) from the U.K., Santander Mexico (NYSE: BSMX) the second largest U.S. IPO in 2012, and Vipshop Holdings Limited (NYSE: VIPS) from China, were some of the leading international companies that listed on NYSE this year.
Leader in U.S. Transfers
Companies continue to transfer to NYSE Euronext because they value the global listings venue, branding, visibility and tailored customer services the company offers. In 2012, 16 companies moved or announced transfer to NYSE Group (15 to NYSE, 1 to NYSE MKT) with six departures from the NYSE and three from NYSE MKT. Of the 15 companies that moved or announced transfer to the NYSE in 2012, three were among the top 100 largest companies by market capitalization listed on Nasdaq – Infosys Ltd. (NYSE: INFY), TD Ameritrade Holding Corporation (NYSE: AMTD) and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA). Both Teva and Infosys were previously in the Nasdaq-100 Index.
Continued to Welcome Top European Listings and Support Small and Medium Enterprises
In 2012, NYSE Euronext welcomed 25 listings in Europe from a variety of sectors including healthcare, consumer goods, technology and telecommunications, raising total IPO proceeds of €2.7 billion ($3.5 billion) and representing an aggregate market capitalization of €22.8 billion ($30 billion). Key listings on NYSE Euronext’s European platforms included: Ziggo (Euronext: ZIGGO), the Dutch cable operator launched NYSE Euronext’s largest European IPO in 2012 on NYSE Euronext in Amsterdam, D.E. Masterblenders 1753 (Euronext: DE), the spin-off from ex-Sara Lee Corp, also listed on NYSE Euronext in Amsterdam; Groupe Eurotunnel (Euronext: GET), the first company to be admitted to trading on NYSE Euronext in London and BTG Pactual (Alternext: BTGP), Brazil’s largest investment bank listed on NYSE Alternext in Amsterdam.
NYSE Euronext’s European market continues to welcome listings from Small and Medium Enterprises (SMEs), companies with less than €1 billion ($1.3 billion) in market capitalization. In 2012, 18 of the 25 new listings were from SMEs, which raised a total of €254 million ($334 million) at IPO. These transactions highlight the significant role of NYSE Euronext in the financing of SMEs in Europe, providing access to capital to help them grow and develop their businesses. In addition, NYSE Euronext announced on December 5th its plans to launch a pan-European exchange for small and medium‐sized companies, developed in consultation with all of its European markets.
NYSE Euronext continues to advocate for and provide its clients around the world with an active voice on key policy, governance and regulatory matters. In the U.S., the company was deeply involved in the development and passage of the JOBS Act, which is aimed at helping emerging growth companies access the public markets more efficiently, and also launched the NYSE Big StartUp, a small business and job creation initiative. In Europe, in addition to its support of SMEs, the company continued to support the review of MiFID 2.
To learn more about NYSE Euronext’s global listings performance in 2012, please click here to view Scott Cutler’s discussion of these results.
Please visit the NYSE Euronext IPO Center to learn more about NYSE Euronext’s listings business and trends in the IPO market.
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 MKT, 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. For more information, please visit: http://www.nyx.com.
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