New York Stock Exchange Leads Industry in Global IPO Revenue in First Half of 2024

New York Stock Exchange Leads Industry in Global IPO Product for H1 2024

NYSE issuers raise $12 billion as IPO activity picks up steam

Hosts 7 of the 10 largest US transactions

Big Board continues to drive foreign exchange transfers

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global technology and data provider, today announced IPO proceeds of $12 billion dollars, the highest in the industry, for the first half of 2024, setting the tone globally. as IPO activity picked up steam compared to the previous two years.

The NYSE has listed 7 of the 10 biggest U.S. deals so far this year, including the two biggest IPOs: Viking Holdings (NYSE: VIK) and Amer Sports (NYSE: AS). The exchange has also spearheaded the re-emergence of tech IPOs in 2024, with deals including Rubrik (NYSE: RBRK), Reddit (NYSE: RDDT), and Ibotta (NYSE: IBTA). In total, NYSE IPO proceeds in the first half of 2024 exceeded the total proceeds raised on the exchange in each of the past two years.

“We welcomed the reopening of the IPO window in the first six months of 2024, allowing companies around the world and across the economy to tap the public markets after two somewhat sluggish years for new issuances,” said Michael Harris, global head of capital markets at the New York Stock Exchange. “In this environment, companies overwhelmingly chose the NYSE to list their shares, and the revenues generated from their IPOs have far outpaced the rest of the industry. As we enter the second half of the year, we look forward to welcoming many more leading companies to our unprecedented NYSE community.”

In 2024, internationally headquartered companies continued to choose the NYSE as their listing home. Notably, Dublin-based Flutter Entertainment (NYSE: FLUT), the operator of FanDuel and other brands, moved its primary listing to the NYSE. Additionally, five companies transferred their listings to the NYSE from other exchanges, including Virtus Investment Partners (NYSE: VRTS) and Kforce (NYSE: KFRC). The NYSE has led the industry in transfers over the past two years, and since the beginning of 2021, 60 operating companies have transferred to the NYSE.

The NYSE community has also grown through spinoffs of established public companies, with GE (NYSE: GE) launching as GE Aerospace and spinning off its renewable energy, power and digital businesses as GE Vernova (NYSE: GEV). Additionally, 3M (NYSE: MMM) spun off its healthcare business, Solventum (NYSE: SOLV). Together, these new companies have a combined market value of $140 billion.

The New York Stock Exchange headquarters at 11 Wall Street was once again a center of thought leadership activity during the first half of the year. U.S. First Lady Dr. Jill Biden delivered a keynote address at the second annual New York Stock Exchange Women's Health Summit, and the exchange hosted top officials from both parties, including Rep. Hakeem Jeffries, Sen. Kyrsten Sinema, Sen. John Thune, and Gov. Brian Kemp.

Innovation played a central role in the exchange's initiatives in the first half of 2024. The exchange hosted its first NYSE Tech Summit at its San Francisco offices, bringing together CIOs and CTOs from NYSE-listed companies, as well as start-up executives and prominent technology investors. She also launched the NYSE Tech Council, which brings together high-level technology leaders from the NYSE community to focus on thought leadership and best practices.

About intercontinental trade

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services for major asset classes, helping our clients access mission-critical workflow tools that increase transparency and efficiency. Futures, stocks and options on ICE Exchanges — including the New York Stock Exchange — And clearing houses helping people invest, raise capital and manage risk. We offer some of the world's largest markets for trading and clearing energy and environmental products. Our fixed income, data services and execution capabilities provide insights, analytics and platforms that help our customers streamline processes and capitalize on opportunities. HAS ICE Mortgage Technology , we are transforming U.S. housing finance, from initial consumer engagement through loan origination, closing, registration and long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunities.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, the 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 can be found at: hereKey information documents relating to certain products covered by the EU Regulation on packaged retail and insurance-based investment products can be accessed on the website of the relevant exchange under Information documents keys (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 filings with the Securities and Exchange Commission (SEC), including, but not limited to , the risk factors in ICE's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: NYSE

NYSE Media Contact:

Brigitte Walsh

[email protected]

(212) 656-2298

ICE investor contact:

Katia Gonzalez

[email protected]

(678) 981-3882

View the source version on businesswire.com: https://www.businesswire.com/news/home/20240701699438/en/