Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

NYSE New Listings And IPOs In 2005 Significantly Exceed Last Year’s

Date 16/12/2005

This week's NYSE listing of China's Suntech Power Holdings Co., Ltd. (STC), which raised $395 million in its Dec. 14 Big Board debut and is now the largest entrepreneurial Chinese company listed in the U.S. markets, is one of 185 new listings on the Exchange in 2005 year-to-date. That’s an increase in new listings at the Exchange of 27, or 17% percent, on the 2004 year-to-date total of 158.

"The NYSE continues to be the market of choice for qualified issuers," said NYSE President and co-COO Catherine R. Kinney.  "This year, we are well ahead of last year's pace and continue to attract more qualified listings than any other U.S. market.  These companies recognize the benefits associated with an NYSE listing, including our unparalleled listing services, highest listing standards, leading market structure, and superior market quality, which includes the best quoted prices, deepest liquidity and highest fill rates."

In all, the 185 new listings year-to-date include well over 100 IPOs that raised $44 billion in proceeds at the NYSE, more than four times any other U.S. market. Excluding funds, initial public offerings by U.S. domestic operating companies at the Exchange raised $21 billion, representing in excess of 90 percent of all qualified IPO dollars raised. Additionally, the Nov. 30 transfer of 40 iShares exchange traded funds from the American Stock Exchange made the NYSE the leading market for listing and trading iShares.

About the NYSE:
The New York Stock Exchange (NYSE) is the world’s leading and most technologically advanced equities market.  The NYSE is by far the world’s largest market, and more capital is raised at the NYSE than in any other equities market.  The Exchange is home to nearly 2,800 companies with a total global market capitalization of $21.3 trillion.  The global market capitalization of NYSE-listed non-U.S. companies is $7.7 trillion, which, if ranked as a stand-alone market, would be the world’s second biggest equities market, after the NYSE itself.

NYSE-listed companies—including 445 non-U.S. from 47 countries—range from “blue chip,” to many of the world’s leading technology companies, and young, high-growth enterprises.  A broad spectrum of market participants, including listed companies, individual investors, institutional investors and member firms, create the NYSE auction market.  Buyers and sellers meet directly in a fair, open and orderly market to realize the best possible price through the interplay of supply and demand.  On an average day, 1.6 billion shares, valued at $56.1 billion, traded on the NYSE.