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NYSE Euronext today announced that with Red Hat, Inc. (NYSE: RHT) today becoming the newest component of the S&P 500, the 411 New York Stock Exchange (NYSE) listed companies represent over 82% of the S&P 500 and approximately $7 trillion in global market capitalization, more than four times that of Nasdaq OMX, which has 89 listed companies in the S&P 500 with a combined market capitalization of approximately $1.7 trillion. Red Hat, based in Raleigh, NC, is a leading technology company that provides open source software solutions to enterprises.
"Red Hat's inclusion in the S&P 500 is a significant milestone for the company, and on behalf of NYSE Euronext we want to congratulate Red Hat President and CEO Jim Whitehurst and his team for this accomplishment," said Scott R. Cutler, EVP and Head of Listings, Americas, NYSE Euronext. "We're especially pleased that Red Hat becomes another leading NYSE-listed technology company in the bellwether stock market index, underscoring the NYSE's position as the leader in technology listings."
At $2.3 trillion (as of June 30, 2009), the total global market capitalization of NYSE Euronext-listed technology, media and telecommunications (TMT) companies is larger than the total global market capitalization of TMT companies listed on any other exchange group in the world.
"We are honored to be selected for inclusion in one of the most broadly followed financial indices, the S&P 500," stated Charlie Peters, Executive Vice President and Chief Financial Officer of Red Hat. "This recognition is a testimony to the results driven by our open source solutions and our collaboration with leading customers like NYSE Euronext, where we have delivered technology, innovation and value in helping them build the largest global trading platform."
Steve Rubinow, co-global chief information officer at NYSE Euronext, will deliver the keynote address at the 2009 Red Hat Summit to be held Sept. 1-4, 2009 in Chicago.
