Guidewire Software Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
25 Gennaio 2012 - 8:29PM
Business Wire
Guidewire Software, a leading insurance technology company,
opened for trading today on the New York Stock Exchange (NYSE)
under the ticker symbol “GWRE” after its initial public offering in
which it raised $115 million in gross proceeds. Marcus Ryu, Chief
Executive Officer and Co-Founder, joined by members of Guidewire’s
management team, celebrated the company’s first day of trading on
the NYSE by ringing The Opening BellSM. Guidewire is the first
technology IPO to list on the NYSE this year.
Guidewire Software CEO and Co-Founder
Marcus Ryu, joined by members of the company's management team,
rings the NYSE Opening Bell to celebrate Guidewire's IPO and first
day of trading on the NYSE. (Photo: Business Wire)
“On behalf of my colleagues, I am extremely proud that Guidewire
has achieved the milestone of listing on the NYSE,” said Marcus
Ryu, CEO of Guidewire. “The capital and visibility it provides will
accelerate our pursuit of the same mission we have had since our
founding: enabling a critically important global industry to retire
its legacy core systems and transform its operations. I appreciate
the enormous trust our customers have placed in to get this point
and pledge that we will continue to prove that trust is
well-placed."
“We are thrilled to welcome Guidewire Software, the first
technology IPO of 2012, to our community of innovative companies,”
said Scott R. Cutler, EVP and Co-Head of U.S. Listings and Cash
Equities, NYSE Euronext. “Guidewire is at the forefront of
transforming the insurance industry’s business processes with its
cutting-edge software solutions. We congratulate Guidewire on its
IPO and look forward to a long-standing partnership with the
company and its shareholders.”
In 2011 NYSE Euronext (NYX) raised more proceeds from Initial
Public Offerings (IPOs) than any other global exchange group, with
$33 billion in total global proceeds raised from 104 IPOs. In the
U.S., for the fifth consecutive year, NYSE Euronext led the market
for IPOs and total proceeds raised with 89 IPOs.
About Guidewire Software
Guidewire Software (NYSE: GWRE), is a provider of core system
software to the global Property/Casualty (general) insurance
industry. Designed to be flexible and scalable, Guidewire solutions
give insurers the capability to deliver excellent service, increase
market share and lower operating costs. Guidewire InsuranceSuite™,
consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter® and
Guidewire BillingCenter® spans the key functional areas in
insurance – underwriting and policy administration, claims
management, and billing. Guidewire is headquartered in San Mateo,
California, with offices in Beijing, Dublin, Hong Kong, London,
Munich, Paris, Sydney, Tokyo, and Toronto. For more information,
please visit www.guidewire.com. (Source: Guidewire Software)
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
approximately 8,000 listed issues (excluding European Structured
Products), NYSE Euronext's equities markets – the New York Stock
Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca –
represent one-third of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, one of the leading European derivatives businesses and
the world's second-largest derivatives business by value of
trading. The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the Fortune 500. For more information,
please visit: http://www.nyx.com.
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