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DigitalGlobe, a leading earth imaging and information company based in Longmont, Colo., today opened for trading on the New York Stock Exchange under the ticker symbol “DGI” after its successful initial public offering in which it raised $279.3 million in gross proceeds. DigitalGlobe is the fourth IPO by a U.S. company to list on the New York Stock Exchange this year.
"As a leading source of imagery products to government and commercial markets, DigitalGlobe is a fitting addition to the world’s leading marketplace for technology-based companies,” said Scott R. Cutler, NYSE Euronext EVP and Head of Listings, Americas. “We congratulate DigitalGlobe on the successful completion of its IPO and look forward to a beneficial and lasting partnership with the company and its shareholders.”
DigitalGlobe is the fourth domestic initial public offering to begin trading on the New York Stock Exchange this year following Mead Johnson Nutrition Company (NYSE: MJN), which raised $828 million in proceeds; Rosetta Stone (NYSE: RST), which raised $129 million in proceeds, and Bridgepoint Education (NYSE: BPI), which raised $163 million in proceeds.
Year-to-date, companies raised more capital on NYSE Euronext markets through IPOs than any other exchange in the world, with a total of $1.630 billion in proceeds from ten IPOs. The New York Stock Exchange also leads the domestic IPO market in 2009, listing 100 percent of initial public offerings qualified to list on its market.
