The FINANCIAL — The New York Stock Exchange, a subsidiary of the Intercontinental Exchange’s global network of exchanges, announced on December 15 that NYSE Group raised $136.0 billion from 397 transactions in 2015, more than any other exchange in the world.
This includes eight of the largest 10 initial public offerings (IPOs) in the U.S., and resulted in NYSE’s fourth consecutive year as the leader in technology IPOs. In the last three years, the NYSE has listed 18 of the 20 largest IPOs, according to Intercontinental Exchange.
“The New York Stock Exchange is the premier venue for accessing the capital markets. We’re honored to host the world’s greatest companies with an unparalleled visibility platform, a network of global business leaders and a unique market model,” said NYSE President Tom Farley. “Our time-tested model combines trading technology with people to provide the benefits of human judgment and accountability. This model delivers lower volatility and remains at the core of serving more than 2,400 listed companies.”
2015 listings leadership statistics:
Global leader based on total market capitalization of listed companies with $25.3 trillion, more than three times the next largest exchange.
Global leader in capital raising for the fifth consecutive year, with $136.0 billion in total proceeds raised from IPOs and follow-on financing.
59 IPOs raising $19.1 billion in total proceeds, including this year’s largest U.S. IPO, First Data Corporation (FDC).
Home to 8 out of the top 10 IPOs by market cap and proceeds, including First Data Corporation (FDC), Ferrari NV (RACE), Univar Inc. (UNVR), Fitbit Inc. (FIT), Pure Storage, Inc. (PSTG), and TransUnion (TRU).
Leader in technology IPOs in the U.S., with 15 IPOs raising $6.0 billion in total proceeds, representing 70% of all capital raised from tech IPOs in the U.S.
Listed 8 out of the top 10 largest technology IPOs in 2015, including First Data Corporation (FDC), Fitbit Inc. (FIT), Pure Storage, Inc. (PSTG), GoDaddy Inc. (GDDY), Square, Inc. (SQ), Box, Inc. (BOX), Black Knight Financial Services (BKFS), and Shopify Inc. (SHOP).
Strong year for international new listings, including Ferrari NV (RACE), Euronav NV (EURN), Jupai Holdings Ltd (JP), Shopify Inc. (SHOP), and Kenon Holdings Ltd. (KEN).
Record year for spin-offs, with 31 NYSE Group transactions representing $96.5 billion in total market capitalization. Newly-listed companies include Hewlett Packard Enterprise Co. (HPE), Baxalta Inc. (BXLT), Cable One Inc. (CABO), and Vista Outdoor Inc. (VSTO).
Transfers to NYSE from Nasdaq include Madison Square Garden Company (MSG), VEREIT, Inc. (VER), Azure Midstream Partners, LP (AZUR), and Suffolk Bancorp (SCNB, effective December 18, 2015), representing more than $13.5 billion in total market capitalization.
More than $8.9 billion was raised from NYSE IPOs using the JOBS Act.
Infographic: NYSE 2015 year in review
“The NYSE is proud to be home to the world’s most iconic brands and innovators, companies that are shaping the global landscape for future generations,” said NYSE Head of Global Capital Markets Garvis Toler III. “We continue to invest in the next generation of trading technology to enhance performance and resiliency, while reducing market complexity. And, we’re advocating on behalf of listed companies and investors for market structure enhancements, while building on our strong value proposition across investor relations and governance services, visibility opportunities and our market model.”
The NYSE also operates the premier U.S. exchange for exchange traded products (ETPs), which include exchange traded funds (ETFs). Through December 14, NYSE Arca has launched 220 ETPs, compared with 11 on Nasdaq and 21 on BATS’ BZX market. NYSE Arca has 1576 total ETP listings, representing more than 93% of ETP assets under management in the U.S., and NYSE Arca leads the industry as the largest exchange for ETP trading, with 21% volume market share, nearly twice that of its nearest competitor.
“Exchange traded products provide significant value to investors by offering a flexible, cost-efficient tool for investment portfolios. The NYSE is committed to leading the continued growth and development of the market and to working with issuers on the next generation of ETP products to serve investors,” said Doug Yones, NYSE Head of Exchange Traded Products.