Today, NYSE Group, Inc. (NYSE: NYX), welcomed Under Armour, Inc., a Nasdaq transfer and a global leader in performance apparel, to the world's leading equity market.
Under Armour, Inc. (NYSE: UA), a leading developer, marketer and distributor of branded performance apparel, footwear and accessories, is a technological innovator in its field. The company was the second best performing 2005 U.S. domestic IPO, based on price performance, and its shares have risen 100% since its first day of trading as a public company.
"We are pleased to welcome Under Armour, Inc. to our family of listed companies," said NYSE Group, Inc. CEO John A. Thain. "Under Armour is one of the fastest growing brands in the world and a market leader in performance apparel, just the type of brand that thrives on the NYSE. We look forward to an outstanding partnership with the company and to providing them with the superior market quality, information services and unsurpassed brand visibility that issuers from around the world have come to expect from listing on the New York Stock Exchange."
"We are excited about our new relationship with the New York Stock Exchange," said Kevin A. Plank, Chairman & CEO of Under Armour, Inc. "As our brand and our business become more global every day, raising Under Armour's visibility in the global financial markets becomes increasingly more important. We are proud of the performance we've delivered to shareholders and view this move as an important milestone in the evolution of our company."
Under Armour, Inc. marks the 12th transfer from Nasdaq to the NYSE Group year-to-date. Since 2000, 147 companies have transferred to the NYSE Group from Nasdaq.
To celebrate this special occasion, Under Armour, Inc. Chairman & CEO Kevin A. Plank rang today's Opening Bell.
About Under Armour, Inc.
Under Armour(R) is a leading developer, marketer and distributor of branded performance apparel, footwear and accessories. The brand's moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The company's products are sold worldwide and worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The company's global headquarters is in Baltimore, Maryland and it has offices in Denver, Amsterdam, Hong Kong, and Toronto.
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the "NYSE") and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In the third quarter of 2006, on an average trading day, 2.2 billion shares, valued at $80.1 billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world's largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies' common stock and other securities. On September 30, 2006, the operating companies listed on the NYSE represented a total global market capitalization of $23.0 trillion.
NYSE Arca, Inc. operates the former ArcaEx(R), the first open, all-electronic stock exchange in the United States, which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca, Inc.'s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
