The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The NASDAQ Stock Market(R) (NASDAQ(R)) captured a total of 41 new listings in the first quarter of 2010, highlighted by a promising IPO market which brought 15 new companies to NASDAQ. The two largest domestic technology IPOs of the quarter chose to list on NASDAQ. SS&C Technologies (Nasdaq:SSNC), a leading provider of financial management software, and QuinStreet (Nasdaq:QNST), a leader in vertical marketing and media on the Internet, raised $160 million and $150 million, respectively. NASDAQ continues to be the leading exchange for technology companies and is home to over 80% of the technology companies listed on a U.S. national exchange.
Another positive sign for the market was the pricing of 3 biotechnology IPOs, all of which decided to list their shares on NASDAQ. Those companies included Ironwood Pharmaceuticals (Nasdaq:IRWD), AVEO Pharmaceuticals (Nasdaq:AVEO) and Anthera Pharmaceuticals (Nasdaq:ANTH).
Other notable domestic IPOs included Financial Engines (Nasdaq:FNGN), Meru Networks (Nasdaq:MERU) and First Interstate BancSystem (Nasdaq:FIBK).
Also during the quarter, the shares of Madison Square Garden (Nasdaq:MSG) began trading on NASDAQ after the company's spin-off from Cablevision Systems (NYSE:CVC). In addition, Verizon Communications (Nasdaq:VZ) (NYSE:VZ) dual listed their shares on NASDAQ while Coffee Holding Co. (Nasdaq:JVA) celebrated their switch from NYSE Amex.
The new listings are comprised of the following categories:
1ST Qtr
2010
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Total New Listings 41
NYSE Group Switches 1
Initial Public Offerings 15
Upgrades from Over-the-Counter 11
ETFs, Structured Products & Other
Listings 14
NASDAQ welcomed six companies from Greater China in the first quarter. NASDAQ currently lists 130 companies headquartered in Greater China, more than any other U.S. exchange. First quarter Chinese listings were highlighted by the successful IPO of China Lodging Group (Nasdaq:HTHT). China Lodging Group raised $110 million, making it the largest Chinese IPO in the U.S. so far this year. Chinese listings included the IPOs of China Electric Motor (Nasdaq:CELM) and Andatee China Marine Fuel Services (Nasdaq:AMCF) as well as over-the-counter upgrades of SinoCoking & Coke Chemical Industries (Nasdaq:SCOK), Subaye (Nasdaq:SBAY) and China Recycling Energy Corp. (Nasdaq:CREG).
NASDAQ is also proud to announce the listing of nine new ETFs during the first quarter including five iShares MSCI Sector ETFs (Nasdaq:AXFN), (Nasdaq:EMFN), (Nasdaq:EMMT), (Nasdaq:EUFN), (Nasdaq:FEFN), two First Trust Precious Metal ETFs (Nasdaq:CU), (Nasdaq:PLTM).
To view all new NASDAQ listings in the first quarter, please visit http://media.globenewswire.com/cache/6948/file/8136.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/.
