NEW YORK, May 17, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that the trading of Charm Communications Inc. (Nasdaq:CHRM) commenced May 5 on The NASDAQ Stock Market. Charm Communications Inc. trades under the ticker symbol (CHRM). Charm Communications Inc. raised more than $74 million from its initial public offering.
"The NASDAQ Stock Market is proud to welcome Charm Communications, which is leading the way in television advertising in China," said Bob McCooey, Senior Vice President of New Listings and Capital Markets, NASDAQ OMX. "We are committed to facilitating growth and investment opportunities for Chinese companies with our full suite of services that help them become successful public companies, including a specially tailored IPO Boot Camp in China."
The NASDAQ Stock Market currently lists 135 companies headquartered in China, which represents 66% of publicly traded Chinese companies in the U.S. markets and more than any other U.S. exchange. In 2009, 33 Chinese companies listed on NASDAQ. NASDAQ welcomed six companies from Greater China in the first quarter alone. 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 Coal & Coke Chemical Industries (Nasdaq:SCOK), Subaye (Nasdaq:SBAY) and China Recycling Energy Corp. (Nasdaq:CREG).
About Charm Communications Inc.
Charm Communications Inc. (Nasdaq:CHRM) is a leading domestic television advertising agency in China. Charm offers integrated advertising agency services from planning and managing advertising campaigns to creating and placing advertisements. Charm has also established a portfolio of television advertising media resources through its exclusive arrangements with four programs on CCTV, and two satellite television channels, Shanghai Dragon TV and Tianjin Satellite TV, which includes not only advertising time but also opportunities for placing branded content. Charm's clients include well-recognized brand names in China across many industries, as well as emerging domestic leading brands. In January 2010, Charm formed a joint venture with international 4A advertising group Aegis Media, its strategic investor, to operate its brand "Vizeum" in China. Company investor relations website: http://ir.charmgroup.cn/
About NASDAQ OMX
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 more than 3,600 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. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
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The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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CONTACT: The NASDAQ OMX Group, Inc. Media Contact: Marisha Chinsky (646) 441-5258 Marisha.Chinsky@nasdaqomx.com
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