The NYSE raised 75 percent of U.S. tech IPO proceeds during the first half of 2019, helping the world’s most dynamic companies access billions of dollars in capital
New York Stock Exchange (NYSE) is #1 in IPO proceeds
NEW YORK (STL.News) – The New York Stock Exchange (NYSE), a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), showed again why it is the exchange group of choice for the world’s most innovative technology companies, adding $110 billion in technology market capitalization and raising 75 percent of technology IPO proceeds in the U.S. during the first half of 2019. Overall, the NYSE extended its leadership as the world’s premier listings venue, raising a total of $20.9 billion in proceeds.
In addition, NYSE Group was once again the top choice to Exchange Traded Fund (ETF) issuers. In the first half of 2019, NYSE Group welcomed 88 ETFs, with $3.35 billion in assets under management (AUM), solidifying its position as the largest exchange group for ETFs. NYSE Group is now home to 70 percent of listed ETFs, representing 78 percent of ETF assets under management.
“In the biggest first half for capital raising since 2007, the NYSE furthered its leadership in tech listings, raising 75 percent of all U.S. tech IPO proceeds,” said Stacey Cunningham, President, NYSE Group. “Leading technology companies consistently look to the NYSE to help raise capital, increase visibility, provide liquidity for early investors and employees, and establish a currency for future mergers and acquisitions. Importantly, this also enables everyday investors to participate in the success of these innovative companies.”