DOW JONES NEWSWIRES
NYSE Euronext (NYX) led the U.S. market for initial public
offerings and new listings both in total capital raised as well as
number of transactions last year, the exchange reported Friday.
The company said IPOs raised on the New York Stock Exchange
totaled $39.1 billion in proceeds through 99 offerings, including a
record 22 from China and a rising share of technology companies.
The IPO market last year generated a lot of interest in Chinese
companies, with many among the most well-received by investors in
2010.
The exchange said wind turbine manufacturer China Ming Yang Wind
Power Group Ltd.'s (MY) $350 million IPO was the largest Chinese
IPO in the U.S. last year, while noting online television site
Youku.com Inc. (YOKU) was the best-performing IPO in the U.S. since
2005.
The NYSE listed the largest offering in the U.S. last year--auto
maker General Motors Co. (GM)--which raised $16 billion and
facilitated the largest secondary capital raise in history with the
$70 billion secondary offering by Brazilian oil giant Petroleo
Brasileiro SA (PBR, PETR4.BR).
NYSE also reported it gained 14 listing transfers from rival
Nasdaq OMX Group Inc. (NDAQ), the largest number since 2003, while
three companies elected to leave the NYSE for Nasdaq. Those moving
to the NYSE included United Continental Holdings Inc. (UAL) and
Corporate Executive Board Co. (EXBD).
-By John Kell, Dow Jones Newswires; 212-416-2480;
john.kell@dowjones.com