The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The NASDAQ Stock Market(r) (NASDAQ(r)) captured a total of 58 new listings, including three New York Stock Exchange (NYSE)-listed companies, 16 American Stock Exchange (AMEX)-listed companies, and seven IPOs in the third quarter of 2008.
The new listings are comprised of the following categories:
3rd Qtr 2008
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Total New Listings 58
Initial Public Offerings (IPOs) 7
Amex & NYSE Switches/Dual Listings 19
Upgrades from OTCBB & Pink Sheets 13
ETFs, Structured Products & Other Listings 19
NASDAQ IPOs raised over $3.4 billion in the quarter and were led by GT Solar International, Inc. (Nasdaq:SOLR) and Energy Recovery, Inc. (Nasdaq:ERII). Also, IAC/InterActiveCorp (Nasdaq:IACI) spun-off four subsidiaries that listed on NASDAQ: Ticketmaster (Nasdaq:TKTM), Interval Leisure Group, Inc. (Nasdaq:IILG), HSN Inc. (Nasdaq:HSNI), and Tree.com Inc. (Nasdaq:TREE).
Notable listings in the quarter included three switches from the NYSE, bringing $23 billion in market capitalization to NASDAQ. They were CME Group (Nasdaq:CME), the world's largest and most diverse derivatives exchange, Seagate Technology (Nasdaq:STX), a worldwide leader in the design, manufacture and marketing of hard disc drives and storage solutions, and Celera Corporation (Nasdaq:CRA), a healthcare business delivering personalized disease management through a combination of products and services.
NASDAQ is also proud to note that in the third quarter Automatic Data Processing announced its intent to switch its listing from the NYSE to NASDAQ and retain its three-character ticker symbol ADP. Automatic Data Processing's effective transfer date was October 21, 2008.
NASDAQ also saw sixteen switches from Amex in the third quarter, eight of which elected to retain their three-character tickers. Transfers from the Amex were led by iShares NASDAQ Biotechnology Index Fund (Nasdaq:IBB), Jinpan International Limited (Nasdaq:JST) and Peapack-Gladstone Financial Corporation (Nasdaq:PGC).
Of the 58 new listings, NASDAQ saw nine non-U.S. new listings in the quarter, including the IPO of Westport Innovations Inc. (Nasdaq:WPRT), the first IPO acquisition company listing on NASDAQ, Chardan China Acquisition Corp. (Nasdaq:CACA), the Amex switch of Chinese herbal nutritional provider China Sky One Medical, Inc. (Nasdaq:CSKI) and the OTCBB upgrade of China TransInfo Technology Corp. (Nasdaq:CTFO).
Below is a list of the other Amex switches to NASDAQ in the third quarter:
Company Ticker QuadraMed Corp QDHC MTS Medication Technologies Inc. MTSI Abraxas Petroleum Corp. AXAS Canterbury Park Holding Corp. CPHC Chyron Corp. CHYR Union Bankshares Inc. UNB Ecology & Environment Inc. EEI Teton Energy Corp. TEC A.T. Cross Co. ATX Psychemedics Corp. PMD New Generation Biofuels Holdings Inc. NGBF American Caresource Holdings Inc. ANCI
To view all new NASDAQ listings in 2008, visit http://media.primezone.com/cache/6948/file/6212.xls
Statistics are sourced from internal NASDAQ information. IPOs include offerings done on a "best efforts" basis. For more information about these and other NASDAQ market performance statistics, visit www.nasdaqfacts.com/newlistings.
