NYSE Euronext: The World’s Largest IPO in US history
Mumbai, 5 Jan 2009 – During the year gone by, NYSE Euronext markets attracted the largest IPO in the US history, with Visa (NYSE: V), raising $17.86 billion/€11.5 billion, and the second-largest IPO this year in Europe, where EDPR (NYSE Euronext: EDPR) raised $2.42 billion/€1.566 billion.
Other large offerings on NYSE Euronext markets in 2008 included the $12.1 secondary offering by Brazil’s Vale (NYSE: RIO) with its cross-listing in Paris (NYSE Euronext: VALE), the $1.4 billion IPO by American Water Works (NYSE: AWK) on the NYSE and the $1.1 billion IPO by Intrepid Potash (NYSE: IPI) on the NYSE.
Based on IPO proceeds raised globally (through Nov. 2008), the NYSE ranked at number-1 of major exchanges, with $26 billion raised, or 21% of IPO capital raised. Though US and global IPO activity fell sharply from the previous year due to challenging market conditions, NYSE Euronext markets’ ranking at the top of the list by proceeds was unchanged.
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