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NXP Semiconductors Presides Over NASDAQ Stock Market Opening Bell

Published

ADVISORY, Aug. 6, 2010 (GLOBE NEWSWIRE) --

What:

A representation of NXP Semiconductors' management team today presides over the NASDAQ opening bell to celebrate the company's initial public offering (IPO), trading under the ticker symbol NXPI. A technology leader in High Performance Mixed Signal solutions, NXP's IPO is one of the largest IPOs across any U.S. exchange in 2010 to date with $476 million raised.

"The IPO represents a key milestone and will strengthen the business by enabling us to further reduce debt and improve our capital structure," said Richard Clemmer, President and CEO, NXP Semiconductors. "We are delighted to have completed our IPO against a backdrop of challenging market conditions and the response from equity investors is testament to the turnaround and significant progress that NXP has accomplished. This has been made possible thanks to hard work, excellent relationship with customers and suppliers and the global NXP team's commitment to driving design wins through a customer-focused passion to win. We are delighted to welcome a new set of investors as well as increased investments from some of our directors and executives. Going forward we will be focused on extending leadership in High Performance Mixed Signal, supported by a strong Standard Products business."

NASDAQ IPOs have raised more than $4.32 Billion in proceeds year-to-date, as NASDAQ has captured 44 initial public offerings across a wide variety of sectors. Other distinguished companies who have recently listed on NASDAQ include: CBOE Holdings (Nasdaq:CBOE), which raised more than $339.3 Million in proceeds, and Tesla Motors (Nasdaq:TSLA), the first automotive industry IPO in 54 years.      

Where:

NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio

When:

Friday, August 6, 2010 at 9:15 a.m. to 9:30 a.m. ET

Contact:

NASDAQ MarketSite:

Jolene Libretto 

(646) 441-5220

Jolene.Libretto@NASDAQOMX.com

Feed Information:

The Opening Bell is available from 9:20 a.m. to 9:35 a.m. on Galaxy 19 C/15, downlink frequency 4000 vertical. The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.

Radio Feed:

An audio transmission of the Opening Bell is also available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.

Facebook and Twitter:

For multimedia features such as exclusive content, photo postings, status updates and video of bell ceremonies please visit our Facebook page at:

http://www.facebook.com/pages/NASDAQ-OMX/108167527653

For news tweets, please visit our Twitter page at:

http://twitter.com/nasdaqomx

Webcast:

A live webcast of the NASDAQ Opening Bell will be available at:

http://www.nasdaq.com/about/marketsitetowervideo.asx

Photos:

To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.

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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