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The NASDAQ Stock Market(R) (Nasdaq:NDAQ) today announced that in the second quarter it captured 59 new listings, including 23 new initial public offerings (IPO), with combined proceeds totaling over $1.98 Billion.
NASDAQ listed nine of the 11 (81 percent) information technology companies that completed an initial public offering on a US market this quarter. Notable companies in this group include Mitel Networks Corporation (Nasdaq:MITL), which raised more than $147 million in proceeds on its first day of trading, Alpha and Omega Semiconductor Limited (Nasdaq:AOSL), and China-based HiSoft Technology International Limited (Nasdaq:HSFT).
Other notable IPOs in the second quarter include CBOE Holdings, Inc. (Nasdaq:CBOE), which raised more than $339 million in proceeds in its initial public offering, Tesla Motors, Inc. (Nasdaq:TSLA), the first IPO out of the automotive industry in more than 54 years, and THL Credit, Inc. (Nasdaq:TCRD).
The new listings are comprised of the following categories:
2nd Qtr 2010
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Total New Listings 59
NYSE Group Switches 5
Initial Public Offerings 23
Upgrades from Over-the-Counter 18
ETFs, Structured Products & Other
Listings 13
In addition to HiSoft Technology, NASDAQ also welcomed two other IPOs from the Greater China region: Charm Communications, Inc. (Nasdaq:CHRM) and Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq:KONE). NASDAQ also attracted the switch of four Chinese companies as well as nine over-the-counter Chinese upgrades. NASDAQ currently lists 144 companies headquartered in Greater China, more than any other U.S. exchange.
NASDAQ is also proud to announce 11 domestic over-the-counter upgrades this quarter including two in the energy sector: Miller Petroleum, Inc. (Nasdaq:MILL) and Hallador Energy Company (Nasdaq:HNRG). NASDAQ also welcomed 12 new ETF listings.
To view all new NASDAQ listings in 2010, visit http://media.globenewswire.com/cache/6948/file/8518.pdf
Statistics are sourced from internal NASDAQ information. IPOs include offerings done on a "best efforts" basis and do not include real estate investment trusts and closed-end funds. For more information about these and other NASDAQ statistics, visit http://www.nasdaqomx.com/listingcenter/usmarket/.
