Welcome!

News Feed Item

CORRECTING and REPLACING New York Stock Exchange Leads in Global Capital Raising in First Half of 2014; Continues to Support Innovation and Job Creation

First paragraph, second sentence of release should read: With $20.7 billion in total proceeds raised from 68 initial public offerings (IPOs), the NYSE is set to outpace 2013 in total IPO proceeds. (instead of: With $20.7 billion in total proceeds raised from 89 initial public offerings (IPOs), the NYSE is set to outpace 2013 in total IPO proceeds.)

The corrected release reads:

NEW YORK STOCK EXCHANGE LEADS IN GLOBAL CAPITAL RAISING IN FIRST HALF OF 2014; CONTINUES TO SUPPORT INNOVATION AND JOB CREATION

  • Global Leader in Capital Raising with $83B in Proceeds from IPOs and Follow-Ons, More Than Any Other Exchange
  • NYSE Leads in Total New Listings with 203 New U.S. Listings
  • Remains Top Destination for Technology with 58% of All U.S. Tech IPOs

The New York Stock Exchange, part of the Intercontinental Exchange (NYSE: ICE) global network of exchanges, remained the global leader in capital raising in the first half of 2014. With $20.7 billion in total proceeds raised from 68 initial public offerings (IPOs), the NYSE is set to outpace 2013 in total IPO proceeds.

“Across the board it has been a strong first half, with notable activity from tech, financial services and energy sectors,” said EVP and Head of Global Listings, Scott Cutler. “Based on the current momentum and pipeline, the IPO market is set to surpass 2013, which was a record year. In addition, our activity from non-U.S. IPOs affirms NYSE as the global center for raising capital and speaks to the strength and stability offered by the U.S. capital markets.”

More than 85% of all U.S. IPOs this year have leveraged the JOBS act – with $20.3 billion raised from JOBS Act IPOs so far this year – a reflection of how the capital markets can support emerging growth companies. The NYSE advocated for the JOBS act and continues to support policy that encourages companies to access the public markets. In addition, the NYSE remains an active participant in the current market structure dialogue aimed at reducing the complexity and fragmentation of the U.S. stock market to ensure confidence in the operation of the markets.

“The ability to access public markets through an IPO process fuels our economy, fosters innovation and drives job creation,” said NYSE President Tom Farley. “As we continue to see an increasing number of companies access capital markets to support their growth objectives, it is essential to global economic growth that a fair, transparent and efficient market structure exists to support companies of all sizes as they list and trade on our markets.”

NYSE First Half of 2014

  • In the U.S., NYSE Group, which represents NYSE and NYSE MKT combined, raised $20.7 billion in total proceeds from IPOs, accounting for 61% of all proceeds raised from U.S. IPOs
    • Includes 3 of the 5 largest IPOs: Ally Financial (NYSE: ALLY), Santander Consumer USA Holdings (NYSE: SC) and IMS Health Holdings (NYSE: IMS).
    • Includes 3 NYSE MKT IPOs; 12 total new NYSE MKT listings.
  • NYSE Group is the leader in follow-on financing with $62.7 billion in proceeds raised as of June 27, 2014, as well as spin-off transactions, accounting for 76% of all spin-offs.
  • NYSE continues to lead in transfers and added 4 transfers from other exchanges, representing a total of $7.7 billion in market cap including Deckers Outdoor Corporation (NYSE: DECK), EnLink Midstream Partners (NYSE: ENLK) and Banc of California Inc. (NYSE: BANC).
  • Reflective of high quality listings, NYSE Group IPOs YTD have a median return of 11.9%, a median market cap of $703 million and $166 million in median proceeds raised – superior to other exchange listed IPOs.
  • Looking ahead, several prominent companies have indicated their intent to list with the NYSE, including Alibaba Group Holding Limited.

Leadership across sectors and geographies

  • NYSE led in technology listings with 22 tech IPOs, representing 58% of all U.S. tech IPOs and raising a combined $4.5 billion in proceeds including IMS Health (NYSE: IMS), Zendesk (NYSE: ZEN), GrubHub (NYSE: GRUB), Arista Networks (NYSE: ANET) and Cheetah Mobile (NYSE: CMCM).
  • 87% of all energy IPOs listed with NYSE, raising a combined $5.5 billion in proceeds.
  • Financial services IPOs on the NYSE raised $6.4 billion in proceeds, accounting for 77% of all offerings in that sector.
  • NYSE continues to attract non-U.S. IPOs, with 72% more non-U.S. IPOs YTD compared to first half of 2013.

Leadership in Exchange Traded Products

  • NYSE Arca led in new exchange traded product (ETP) listings in the first half of 2014; of the more than 100 ETPs that listed in the U.S. in the first half of 2014, nearly 90% listed on NYSE Arca.
  • NYSE Arca has over 50 issuers with nearly 1,500 ETPs, representing nearly $1.7 trillion of combined assets under management.

Hear from Tom Farley and Scott Cutler on why the NYSE is the center of global business: goo.gl/BmRLRy

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures and Liffe.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE, New York Stock Exchange and LIFFE. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml and http://www.nyx.com/terms-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.

SOURCE: IntercontinentalExchange

ICE-EQ

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, provided the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” used open source attack tools that are free and available for download by anybody. Attendees learned where to find and how to operate these tools for the purpose of testing their own IT infrastructure. The...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...