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.”
- 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.