In the first half of 2012, NYSE Euronext (NYX) raised $17.1 billion in total global proceeds from Initial Public Offerings (IPO) on 66 IPOs.
In the US, NYSE Euronext listed 62% of all U.S. IPOs bringing 56 new IPOs to the US market, recently ending the quarter with the successful listing of ServiceNow, Inc. (NYSE: NOW). Additionally in the US, 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,” Scott Cutler, EVP, Head of Global Listings at NYSE Euronext, said.
“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.”
“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.”
“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,” Diederik Zandstra, Head of International Listings at NYSE Euronext, said.
“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.”