The FINANCIAL -- In the first half of 2012, NYSE Euronext raised $17.1
billion in total global proceeds from Initial Public Offerings on
66 IPOs. In the U.S., NYSE Euronext listed 62% of all U.S. IPOs
bringing 56 new IPOs to the U.S. market, recently ending the quarter
with the successful listing of ServiceNow.
Additionally in the U.S., NYSE gained eight listing transfers. In Europe, NYSE Euronext had 16 new listings, with approximately €1.2 billion in proceeds.
"Despite global business, economic and political uncertainty in the first half of 2012, we completed a significant number of IPO capital market transactions," said Scott Cutler, EVP, Head of Global Listings at NYSE Euronext. "We saw fewer debuts of large IPOs than in the first half of 2011, but emerging growth companies from technology, financial services and energy were the most active sectors. If volatility remains low and economic contagion remains controlled, we expect selective IPO open windows to persist through the second half of 2012. Our biggest concerns remain trust, transparency and accountability in our public markets."
"We achieved significant milestones in the first half of the year supporting entrepreneurship, innovation and job growth," Cutler added. "We were pleased to work with the NVCA and the IPO Taskforce on the JOBS Act, which was signed into U.S. law in April. We have already seen emerging growth companies from around the world file under the Act and expect many of these to come to market this year. We also announced an exciting initiative, the NYSE Big StartUp, designed to facilitate access to capital, partnerships, training, mentoring and business development between entrepreneurs and public corporations."In the first half of 2012, NYSE Euronext listed 53% of the technology IPOs in the U.S., bringing 16 new IPOs to the U.S. market, including the recent IPO of ServiceNow. NYSE Euronext's continued support of the success of these emerging growth companies is reflected in the fact that leading technology companies continue to list on the exchange. Technology-based listings on NYSE in the first half of 2012 included Demandware , Exact Target, Guidewire Software, Infoblox, Millennial Media and Yelp. For the second half of 2012, the pipeline of technology deals looks strong and NYSE Euronext looks forward to welcoming future technology leaders into its community.
In addition to capturing high growth sectors, NYSE Euronext continued to attract listings from leading U.S. consumer brand names. Some of the U.S. consumer brand companies that listed on NYSE Euronext in the first half of 2012 included Annie's Inc., Burger King Corporation, Tilly's and Tumi Holdings.
NYSE Euronext's global venues continued to attract leading companies from around the world in the first half of 2012. In Europe, Groupe Eurotunnel announced that it will become the first company to be admitted to trading on NYSE Euronext London, BTG Pactual, Brazil's largest investment bank, listed on NYSE Euronext Amsterdam and Solvay, a leading global player in chemicals completed a secondary listing on NYSE Euronext in Paris. In the U.S., global industry leaders such as AVG Technologies NV from Czech Republic, Cementos Pacasmayo from Peru and Cencosud S.A. from Chile, all listed on NYSE.
"Issuers around the world increasingly list on NYSE Euronext because they value the quality of execution and access to the largest pool of capital," said Cutler. "Issuers, investors and the trading community have relied on our unique high-touch, high-tech model for years. We appreciate the choice existing and new issuers are making to list on our marketplace and we continue to look for opportunities to unlock the potential of our community, the largest b2b network in the world, for our partners."During the first six months of 2012, NYSE Euronext led the European capital markets in terms of offering value, with 16 listings from a variety of sectors including cable, biotech and technology raising a total of €1.2 billion for companies with an aggregate market capitalization of €21.3 billion.
The Dutch cable operator, Ziggo, launched the largest IPO in Europe in 2012, which listed on NYSE Euronext Amsterdam raising €925 million. Other high profile listings included the international listings by CoreLabs on NYSE Euronext Amsterdam and the large spin-off from D.E. MASTER BLENDERS 1753 on NYSE Euronext Amsterdam.
In addition, four of the five IPOs on NYSE Euronext in Paris in the first quarter were from healthcare-related companies. NYSE Euronext Paris has become the market of choice for Biotech and Medtech companies in Europe with 16 IPOs and €400 million raised over the past 3 years.
NYSE Euronext's European market continued to welcome SME listings in the first half of 2012, which represented 10 out of the 16 new listings this year, raising a total €234 million in new capital. According to NYSE Euronext, these capital raisings highlight the important role that NYSE Euronext markets play in providing growth capital to SMEs as financing from more traditional sources is becoming more constrained.
"In the first six months of 2012, we saw some optimism return for IPOs with the listing of Ziggo and the amount of capital raised," said Diederik Zandstra, Head of International Listings at NYSE Euronext. "While we expect market volatility to continue in 2012, we do expect periods when market conditions will be favorable for IPOs and hope companies will see the benefits of our state of the art pan-European trading platform, market infrastructure, visibility, investor relations support, index and derivatives product offering."