The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that the trading of Charm Communications Inc. (Nasdaq:CHRM) commenced May 5 on The NASDAQ Stock Market. Charm Communications Inc. trades under the ticker symbol (CHRM). Charm Communications Inc. raised more than $74 million from its initial public offering.
"The NASDAQ Stock Market is proud to welcome Charm Communications, which is leading the way in television advertising in China," said Bob McCooey, Senior Vice President of New Listings and Capital Markets, NASDAQ OMX. "We are committed to facilitating growth and investment opportunities for Chinese companies with our full suite of services that help them become successful public companies, including a specially tailored IPO Boot Camp in China."
The NASDAQ Stock Market currently lists 135 companies headquartered in China, which represents 66% of publicly traded Chinese companies in the U.S. markets and more than any other U.S. exchange. In 2009, 33 Chinese companies listed on NASDAQ. NASDAQ welcomed six companies from Greater China in the first quarter alone. 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 Coal & Coke Chemical Industries (Nasdaq:SCOK), Subaye (Nasdaq:SBAY) and China Recycling Energy Corp. (Nasdaq:CREG).
