NYSE Ranks Once Again as the Global Leader in Capital Raised
December 13 2019 - 11:30AM
Business Wire
Leader in tech IPOs; continues to drive
innovation
The New York Stock Exchange (NYSE), a wholly-owned subsidiary of
Intercontinental Exchange (NYSE: ICE), ranked first once again as
the global leader in capital raising in 2019 with $111.6 billion in
proceeds raised in IPOs and follow-on offerings, which include some
of the world’s highest-profile new listings.
NYSE Group also maintained its leadership as the leading
exchange group for Exchange Traded Product (ETP) issuers, welcoming
153 ETPs with $7.1 billion in assets under management (AUM) for the
year to date. NYSE Group is home to $3.4 trillion of ETP AUM,
representing the largest ETP marketplace in the world.
“As the global leader in capital raising, the NYSE in 2019
proved once again the importance of our public markets, helping
some of the world’s largest and most disruptive companies raise
capital through IPOs and follow-on offerings, as well as advancing
innovative approaches like Direct Listings,” said Stacey
Cunningham, President, NYSE Group. “We are more committed than ever
to providing ways for companies to access the public markets
earlier in their lifecycles, allowing all investors an opportunity
to share in their performance.”
2019 Highlights
- Capital Raised. Once again, the NYSE ranked as the
global leader in total capital raised, with $111.6 billion in 300
transactions, comprising $28.9 billion raised in 57 IPOs and $82.7
billion in follow-on offerings.
- Largest U.S. IPO. The NYSE was home to the largest U.S.
IPO of the year for the 7th straight year, helping Uber
Technologies, Inc. (NYSE: UBER) raise $8.1 billion.
- Technology Leadership. The exchange raised 68 percent of
all U.S. tech IPO proceeds with $14.6 billion in 18
transactions.
- Market Capitalization. The exchange added $354 billion
in market capitalization to an industry-leading total of $29.0
trillion.
- Direct Listings. The NYSE executed its second-ever
Direct Listing with Slack Technologies, Inc. (NYSE: WORK) and
continued working to evolve the Direct Listings product.
- SPAC Innovation. The NYSE listed one of the
highest-profile SPAC mergers of all time, welcoming Virgin Galactic
(NYSE: SPCE) to the exchange.
For additional details, please see our 2019 highlight video.
“The NYSE extended its tech leadership in 2019, raising the
majority of technology proceeds, and is well-positioned to provide
innovative access to the public markets in 2020 with the evolution
of Direct Listings and the launch of our new pathway for biotech
and other emerging companies to list on the exchange,” said John
Tuttle, Vice Chairman and Chief Commercial Officer, NYSE Group.
“During the year, we continued to win the biggest transactions
while, at the same time, offering new and expanded services to our
listed companies.”
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange
(NYSE:ICE), a leading operator of global exchanges and clearing
houses, and a provider of data and listings services. NYSE Group’s
equity exchanges -- the New York Stock Exchange, NYSE American,
NYSE Arca, NYSE Chicago and NYSE National -- trade more U.S. equity
volume than any other exchange group. The NYSE is the premier
global venue for capital raising, including technology IPOs. NYSE
Arca Options and NYSE Amex Options are leading equity options
exchanges. To learn more, visit www.nyse.com/index.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 and
Fortune Future 50 company formed in the year 2000 to modernize
markets. ICE serves customers by operating in the exchanges,
clearing houses and information services they rely upon to invest,
trade and manage risk across global financial and commodity
markets. A leader in market data, ICE Data Services serves the
information and connectivity needs across virtually all asset
classes. As the parent company of the New York Stock Exchange, the
company raises more capital than any other exchange in the world,
driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located at
http://www.intercontinentalexchange.com/terms-of-use. Key
Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation
can be accessed on the relevant exchange website under the heading
“Key information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE’s business that are not historical facts are “forward-looking
statements” that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE’s Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE’s
Annual Report on Form 10-K for the year ended December 31, 2018, as
filed with the SEC on February 7, 2019.
ICE-CORP
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NYSE Media Contact: Farrell Kramer
Farrell.Kramer@nyse.com 212-656-2476
ICE Investor Contact: Warren Gardiner
Warren.Gardiner@theice.com 770-835-0114
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