NYSE Euronext is the Leader in Global Capital Raising During the First Half of 2013
28 Giugno 2013 - 7:52PM
Business Wire
During the first half of 2013, NYSE Euronext markets in the U.S.
and Europe raised $28.5 billion in total global proceeds in 72
initial public offerings (IPOs) and exceeded the combined proceeds
raised on the next four world markets (see accompanying
chart/facts). In the U.S., capital raised from IPOs listed on the
New York Stock Exchange (NYSE) was four-times more than any other
U.S. marketplace, and the NYSE achieved a record 64% of all new
technology offerings from 14 listings that accounted for 58% of
capital raised in the sector. Also in the first half of 2013, NYSE
Euronext raised $106 billion in follow-on transactions, more than
the next six world markets combined. There were a total of $168
billion in announced or completed transfers to our market,
including Oracle and Perrigo, two top 100 NASDAQ companies. In
Europe, NYSE Euronext added 23 new listings with approximately €926
million ($1.2 billion) in proceeds from seven IPOs and launched
EnterNext®, its innovative marketplace for SMEs.
“A relatively stable macroeconomic environment and low
volatility resulted in a robust capital market for the first half
of 2013,” said Scott Cutler, EVP and Head of Global Listings at
NYSE Euronext. “The NYSE continued to lead all exchanges
globally in capital raising for companies of all sizes and in all
sectors. We saw strong deal flow from international issuers looking
to the U.S. as a destination for capital raising, and began to see
the market develop again on our European venues. We are
particularly pleased to have listed a majority of the technology
IPOs that came to market, and to have announced the transfer of
Oracle to the NYSE. If there was ever a question about our prowess
in technology, this should put those questions to rest.”
Global
- The 72 newly listed IPOs at $28.5
billion in total global proceeds raised on NYSE Euronext markets
during the first half of 2013 is an increase from the 66 IPOs that
raised $17.1 billion in total global proceeds during the same
period in 2012.
- The second-quarter of 2013, with 46
IPOs and $16.4 billion in total global proceeds raised, outpaced
the first quarter totals of 26 IPOs at $12.1 billion.
- With 262 transactions raising $106
billion in total global proceeds, NYSE Euronext was the global
leader in follow-on financings.
NYSE
- 41% of global IPO capital has been
raised in the U.S. this year, followed by Japan with 9%.
- In the U.S., the NYSE raised $26.3
billion in IPOs (including CEFs), more than four-times the next
largest U.S. exchange.
- NYSE attracted 69% of private equity
backed IPOs and 74% of total proceeds.
- Zoetis (ZTS) and Quintiles (Q) were new
additions from the healthcare sector, while Taylor Morrison (TMHC)
and Boise Cascade (BCC) highlighted an improving housing and
building market.
- MLPs and REIT IPOs led to 15 yield
oriented offerings that raised $2.9 billion and 80% of all REITs
IPOs this year.
- Non-U.S. companies listing on the NYSE
included EVERTEC Inc. (EVTC) from Puerto Rico, China’s
Lightinthebox Holding Co." (LITB), Constellium N.V. (CSTM) from the
Netherlands, Germany’s Coty (COTY), Intelsat SA (I) of Luxembourg,
and Luxoft Holding Inc. (LXFT) of Switzerland.
- NYSE and NYSE MKT listed 14 technology
IPOs that raised $2.1 billion in total global proceeds.
- Technology company listings included
ChannelAdvisor (ECOM), Cyan Inc. (CYNI), EVERTEC Inc. (EVTC),
Gigamon Inc. (GIMO), Intelsat SA (I), Lightinthebox Holding Co."
(LITB), Luxoft Holdings Inc. (LXFT), Marin Software Inc. (MRIN),
Model N Inc. (MODN), Rally Software Development Corp. (RALY),
Tableau Software (DATA), Silver Springs Networks Inc. (SSNI),
Textura Corp. (TXTR), and Tremor Video (TRMR).
- The four announced or completed market
transfers to NYSE and NYSE MKT were Perrigo Company (PRGO: NASDAQ
100) at $11 billion market cap, Thomas Properties Group Inc. (TPGI)
at $249 million market cap, Ampio Pharmaceuticals Inc. (AMPE) $221
million market cap, and Oracle Corporation (ORCL: NASDAQ 100) at
$156.4 billion in market cap will transfer its listing the NYSE on
July 15.
- Oracle will become the largest market
transfer ever and the 48th company to move to the NYSE for a
combined $318 billion in global market capitalization since
2010.
- NYSE Euronext reinforced its leadership
in ETP listings by winning 78% of new issues during the first half
of 2013. Of the approximately 73 ETPs (ETFs, ETVs and ETNs) that
listed in the U.S. this year, 57 were listed by 17 ETP Issuers on
NYSE Arca.
- Today, total assets under management of
the 57 newly listed products has grown to over $2.8 billion adding
to the 30% increase in total AUM for all products listed on NYSE
Arca of approximately $1.4 trillion in June 2013 compared to June
2012.
Euronext
- NYSE Euronext continued to add listings
from Small and Medium Enterprises (SMEs), companies with less than
€1 billion ($1.3 billion) in market capitalization, with 16 of the
23 new listings from SMEs for €114 million ($150 million)
in total proceeds.
- New listings represented a variety of
sectors including healthcare as NYSE Euronext Paris has become the
market of choice for Biotech and MedTech as well as consumer goods,
technology and telecommunications. Listings included: NEXPONOR
(ALNOR), the largest operation on NYSE Alternext since its launch
in 2005; Ekinops (EKI), a provider of next‐generation optical fiber
transport solutions for fixed and mobile high‐speed broadband
networks; YMAGIS (MAGIS), a provider of services and digital
technologies for the film industry; as well as ERYTECH (ERYP) and
SpineGuard (ALSGD) from healthcare.
- EnterNext® was launched to coordinate
all NYSE Euronext initiatives for SMEs in Europe, and thus makes
its value proposition and positioning more efficient.
- The European market of NYSE Euronext
also welcomed high-profile companies raising total IPO proceeds of
€812 million ($1.1 billion) and representing an aggregate market
capitalization of €75.8 billion ($98.5 billion).
- Key listings on NYSE Euronext’s
European platforms included: Infosys (INFY), a global leader in
consulting and technology and the first Indian company admitted to
trading on NYSE Euronext’s London and Paris markets; Constellium
(CSTM), a global leader in innovative and high value‐added aluminum
products; and Bpost (BPOST), the leading postal operator in
Belgium, and the year’s second largest IPO in Europe and the
largest non-finance related IPO.
“Our goal is simple – focus on our customers, and deliver
industry leading trading platforms and corporate services by
utilizing the best of both people and technology,” Mr. Cutler
added. “Private equity and venture capital exits are at multi-year
highs, and assuming that positive macro conditions persist, we
expect the second half of 2013 to remain open as a window for
capital raising. Also, our leadership and partnership in the
passage of the JOBS Act, and initiatives supporting
entrepreneurship such as The NYSE Big StartUp and EnterNext in
Europe, are reflections of our commitment to supporting and
sustaining the leading capital market in the world.”
Graphs and charts:
- Information and milestones of the
first-half of 2013 are available on an
infographic - click here.
- Graph 1: IPOs listing on NYSE
Euronext markets exceeded the combined proceeds raised on the next
four world markets.
- Graph 2: With 262 transactions raising
$106 billion in total global proceeds, NYSE Euronext was the global
leader in follow-on financings.
Snapshot:
- Total New Listings: 182
- NYSE Group: IPOS – 65
- Operating Companies & REITs -
47
- CEFs – 18
- Non Traded Public REITs – 2
- Spin-offs - 6
- Euronext: IPOs - 7
- Operating Companies – 7
- Direct Listings – 10
- Structured Products – 35
- ETPs– 57
- Total Global IPO Capital Raised:
- Including CEFs - $28,509,185,286
- Excluding CEFs - $15,914,435,286
- Total NYSE IPOS:
- Excluding CEFs – 47
- Including CEFs – 65
- Total Euronext IPOs: 7
- Total Equity Follow-on Capital Raided:
$106 billion
- Total Announced or Completed Transfers:
4
- Oracle Corporation, Perrigo Company,
Thomas Properties Group Inc., Ampio Pharmaceuticals Inc.
- Total Market Cap of Announced or
Completed Transfers: $167,962 million
- Technology IPO Market Share:
- Proceeds – 58%
- Number – 64%
- % of PE Backed IPOs:
- Proceeds – 74%
- Number – 69%
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 MKT, 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. For more
information, please visit: http://www.nyx.com.
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