NEW YORK, April 26, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The NASDAQ Stock Market® (NASDAQ®) captured a total of 41 new listings in the first quarter of 2010, highlighted by a promising IPO market which brought 15 new companies to NASDAQ. The two largest domestic technology IPOs of the quarter chose to list on NASDAQ. SS&C Technologies (Nasdaq:SSNC), a leading provider of financial management software, and QuinStreet (Nasdaq:QNST), a leader in vertical marketing and media on the Internet, raised $160 million and $150 million, respectively. NASDAQ continues to be the leading exchange for technology companies and is home to over 80% of the technology companies listed on a U.S. national exchange.
Another positive sign for the market was the pricing of 3 biotechnology IPOs, all of which decided to list their shares on NASDAQ. Those companies included Ironwood Pharmaceuticals (Nasdaq:IRWD), AVEO Pharmaceuticals (Nasdaq:AVEO) and Anthera Pharmaceuticals (Nasdaq:ANTH).
Other notable domestic IPOs included Financial Engines (Nasdaq:FNGN), Meru Networks (Nasdaq:MERU) and First Interstate BancSystem (Nasdaq:FIBK).
Also during the quarter, the shares of Madison Square Garden (Nasdaq:MSG) began trading on NASDAQ after the company's spin-off from Cablevision Systems (NYSE:CVC). In addition, Verizon Communications (Nasdaq:VZ) (NYSE:VZ) dual listed their shares on NASDAQ while Coffee Holding Co. (Nasdaq:JVA) celebrated their switch from NYSE Amex.
The new listings are comprised of the following categories:
|1ST Qtr 2010|
|Total New Listings||41|
|NYSE Group Switches||1|
|Initial Public Offerings||15|
|Upgrades from Over-the-Counter||11|
|ETFs, Structured Products & Other Listings||14|
NASDAQ welcomed six companies from Greater China in the first quarter. NASDAQ currently lists 130 companies headquartered in Greater China, more than any other U.S. exchange. First quarter Chinese listings were highlighted by the successful IPO of China Lodging Group (Nasdaq:HTHT). China Lodging Group raised $110 million, making it the largest Chinese IPO in the U.S. so far this year. Chinese listings included the IPOs of China Electric Motor (Nasdaq:CELM) and Andatee China Marine Fuel Services (Nasdaq:AMCF) as well as over-the-counter upgrades of SinoCoking & Coke Chemical Industries (Nasdaq:SCOK), Subaye (Nasdaq:SBAY) and China Recycling Energy Corp. (Nasdaq:CREG).
NASDAQ is also proud to announce the listing of nine new ETFs during the first quarter including five iShares MSCI Sector ETFs (Nasdaq:AXFN), (Nasdaq:EMFN), (Nasdaq:EMMT), (Nasdaq:EUFN), (Nasdaq:FEFN), two First Trust Precious Metal ETFs (Nasdaq:CU), (Nasdaq:PLTM).
To view all new NASDAQ listings in the first quarter, please visit http://media.globenewswire.com/cache/6948/file/8136.pdf.
Statistics are sourced from internal NASDAQ information. IPOs include offerings done on a "best efforts" basis and do not include real estate investment trusts and closed-end funds. For more information about these and other NASDAQ statistics, visit http://www.nasdaqomx.com/listingcenter/usmarket/.
About the NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
CONTACT: The NASDAQ OMX Group, Inc. Media Contacts: Marisha Chinsky +1.646.441.5258 Marisha.Chinsky@NASDAQOMX.com Jolene Libretto +1.646.441.5220 Jolene.Libretto@NASDAQOMX.com
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