NEW YORK, Oct. 19, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) announced today that the trading of ZELTIQ (Nasdaq:ZLTQ), a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform, the CoolSculpting® System, commenced on The NASDAQ Stock Market on October 19, 2011.
"We are thrilled to welcome ZELTIQ to the NASDAQ family," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group, "ZETLIQ, with its revolutionary CoolSculpting medical technology, truly exemplifies the level of innovation and creativity demonstrated by NASDAQ-listed technology companies. We congratulate ZELTIQ on their initial public offering and look forward to a successful and enduring partnership in the future."
ZELTIQ is a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform. ZELTIQ's first commercial product, the CoolSculpting® System, is designed to reduce fat bulges, which may not respond to diet or exercise, in a 60-minute procedure. Most patients typically experience noticeable and measurable results in two months. ZELTIQ's CoolSculpting® System is cleared by the U.S. Food and Drug Administration and is available in 46 additional international markets.
Since its inception, NASDAQ OMX has consistently been the exchange of choice for progressive and cutting-edge technology companies like ZELTIQ. In the second half of 2011, NASDAQ has listed all six of the technology initial public offerings (IPO) on U.S. markets, including Zillow Inc. [Z], Tangoe Inc. [TNGO], Carbonite Inc. [CARB], Tudou Holdings Ltd. [TUDO], Ubiquiti Networks [UBNT], and most recently, ZELTIQ® Aesthetics [ZLTQ]. NASDAQ is also home to the largest technology IPO of the year, Yandex, which raised over $1.3 billion in proceeds on its first day of trading in May, and was the largest information technology IPO since Google in 2004.
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 3,500 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/#!/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx).
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Jennifer Knapp +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com Joseph Christinat +1 646 441 5121 Joseph.email@example.com
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