NASDAQ continued to capture more new listings than any other U.S. exchange, with the majority of new listings as measured by both issues and proceeds. During the first quarter, NASDAQ captured 73 new listings, comprised of the following categories:
For the quarter, NASDAQ attracted 82% of the IPO issues eligible for initial listing on its NASDAQ Global Select Market, which has the highest listing standards in the world, or any listing market of the NYSE Group. Proceeds from all IPO issues on NASDAQ totaled $6.3 billion, accounting for 69% of the $9.5 billion raised across all U.S. exchanges.
Notable listings in the first quarter included the IPO of National CineMedia (Nasdaq:NCMI), and Clearwire Corporation (Nasdaq:CLWR) and the switches from the American Stock Exchange, Akorn, Inc. (Nasdaq:AKRX) and Delta Financial Corporation (Nasdaq:DFC). NASDAQ also saw several defense industry listings, including the initial listing of Force Protection, Inc. (Nasdaq:FRPT) and AeroVironment, Inc. (Nasdaq:AVAV).
NASDAQ saw 12 non-U.S. new listings in the first quarter, including the IPOs of Chinese media company Xinhau Media Finance Limited (Nasdaq:XFML) and Bermuda-based insurer Castlepoint Holdings Ltd. (Nasdaq:CPHL).