Netezza Corporation (NYSE Arca: NZ), a Framingham, Mass.-based provider of data warehouse appliances, today celebrated its IPO on NYSE Arca, NYSE Euronext’s fully electronic market for emerging issuers.
“As a technology company new to the public market, we chose NYSE Arca because we believe it will provide a valuable listing platform for Netezza, offering enhanced visibility and liquidity through its electronic trading platform and the Lead Market Maker,” said Netezza Corporation CEO Jit Saxena.
“We welcome Netezza Corporation to NYSE Arca,” said NYSE Euronext CEO John A. Thain. “NYSE Arca offers Netezza and its shareholders a highly liquid and efficient market, and we look forward to providing the company with superior services, market quality and brand visibility.”
NYSE Arca's affiliation with the NYSE through their common parent, NYSE Euronext, is a benefit to Netezza as they list on NYSE Arca, NYSE Euronext’s fully electronic trading platform that trades over one billion shares a day. The combined global market capitalization of technology companies on NYSE Group market is $3.4 trillion (June 30, 2007) – more than any other market.
Netezza is the 37th new issue, 8th operating company and the first technology company to list on NYSE Arca since the 2006 merger between the former NYSE and Archipelago Holdings, Inc.