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Stock Markets
NASDAQ Announces 2008 New Listings Statistics
An All-Time High Eight NYSE Companies With a Record Market
Capitalization of $78 Billion Switch to NASDAQ
NEW YORK - The NASDAQ OMX Group, Inc. announced that The NASDAQ Stock Market(r) captured a total of 177 new listings in 2008. Included were a record eight transfers from the New York Stock Exchange, a record 51 transfers from NYSE Alternext (formerly the American Stock Exchange, and 26 IPOs.
The new listings are comprised of the following categories:
4th Qtr
2008 2008 2007
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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.
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