An All-Time High Eight NYSE Companies With a Record Market Capitalization of $78 Billion Switch to NASDAQ
NEW YORK, Jan. 22, 2009 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The NASDAQ Stock Market(r) (NASDAQ(r)) captured a total of 177 new listings in 2008. Included were a record eight transfers from the New York Stock Exchange (NYSE), a record 51 transfers from NYSE Alternext (formerly the American Stock Exchange (Amex), and 26 IPOs.
The new listings are comprised of the following categories:
2008 2008 2007
------- ------- -------
Total New Listings 29 177 290
Amex & NYSE Switches/Dual Listings 11 61 34
Initial Public Offerings (IPOs) 3 26 154
Upgrades from Over-the-Counter 7 45 75
ETFs, Structured Products & Other
Listings 8 45 27
NASDAQ OMX brought 2008 to a close by capturing a record-breaking $78 billion in market capitalization from NYSE companies that switched to NASDAQ. In the fourth quarter alone, an unprecedented four NYSE companies switched to NASDAQ including: News Corporation (Nasdaq:NWSA) (Nasdaq:NWS), a diversified global media company and parent of Fox TV Network and Dow Jones; Automatic Data Processing (Nasdaq:ADP), one of the world's largest providers of business outsourcing solutions; Mylan Laboratories (Nasdaq:MYL), the third-largest pharmaceutical provider in the world; and Jack in the Box (Nasdaq:JACK), a leading restaurant company that operates and franchises one of the nation's largest hamburger chains, with more than 2,100 restaurants in 18 states.
NASDAQ is also proud to note that in the fourth quarter Grand Canyon Education (Nasdaq:LOPE) went public on NASDAQ during one of the most challenging economic periods on record and managed to become the top performing IPO in 2008 with a total return of 49.3%. In addition, NASDAQ was home to four of the top six best performing IPOs in 2008 including CardioNet (Nasdaq:BEAT), a provider of ambulatory, continuous, real-time outpatient management solutions; Heritage-Crystal Clean (Nasdaq:HCCI), a provider of industrial and hazardous waste services to customers; and American Capital Agency (Nasdaq:AGNC), a mortgage real estate investment trust that invests in agency securities for which the principal and interest payments are guaranteed by a U. S. government agency.
NASDAQ saw five switches from NYSE Alternext in the fourth quarter. Among them were Seanergy Maritime Corporation (Nasdaq:SHIP), a dry bulk and cargo carrier company based in Greece; and Mid Penn Bancorp, Inc. (Nasdaq:MPB), a bank holding company that engages in full-service commercial banking with a range of financial services.
Two prominent seasoned over-the-counter companies listed on NASDAQ in the fourth quarter. They were Maxim Integrated Products, Inc. (Nasdaq:MXIM), a designer, developer and manufacturer of a broad range of linear and mixed-signal integrated circuits; and American Italian Pasta Company (Nasdaq:AIPC), a producer, manufacturer and distributor of dry pasta in North America. Maxim Integrated Products, Inc. celebrated its re-listing on NASDAQ with a remote market close from company headquarters in Sunnyvale, California. American Italian Pasta Company was one the best performing stocks in 2008; its share price increased 220% for the year.
Of the 61 companies that switched or dual listed from NYSE, NYSE Alternext, & Amex in 2008, 67% elected to retain their two or three character symbols.
To view all new NASDAQ listings in 2008, visit http://media.primezone.com/cache/6948/file/6496.pdf
Statistics are sourced from internal NASDAQ information. IPOs include offerings done on a "best efforts" basis. For more information about these and other NASDAQ statistics, visit www.nasdaqfacts.com/newlistings.
ABOUT NASDAQ OMX GROUP
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, including First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
CONTACT: The NASDAQ OMX Group, Inc.