New York Stock Exchange Leads in Global Capital Raising in First Half of 2014; Continues to Support Innovation and Job Creation


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NEW YORK–(BUSINESS WIRE)–

The New York Stock Exchange, part of the Intercontinental Exchange (ICE) global network of exchanges, remained the global leader in capital raising in the first half of 2014. With $20.7 billion in total proceeds raised from 89 initial public offerings (IPOs), the NYSE is set to outpace 2013 in total IPO proceeds.

“Across the board it has been a strong first half, with notable activity from tech, financial services and energy sectors,” said EVP and Head of Global Listings, Scott Cutler. “Based on the current momentum and pipeline, the IPO market is set to surpass 2013, which was a record year. In addition, our activity from non-U.S. IPOs affirms NYSE as the global center for raising capital and speaks to the strength and stability offered by the U.S. capital markets.”

More than 85% of all U.S. IPOs this year have leveraged the JOBS act – with $20.3 billion raised from JOBS Act IPOs so far this year – a reflection of how the capital markets can support emerging growth companies. The NYSE advocated for the JOBS act and continues to support policy that encourages companies to access the public markets. In addition, the NYSE remains an active participant in the current market structure dialogue aimed at reducing the complexity and fragmentation of the U.S. stock market to ensure confidence in the operation of the markets.

“The ability to access public markets through an IPO process fuels our economy, fosters innovation and drives job creation,” said NYSE President Tom Farley. “As we continue to see an increasing number of companies access capital markets to support their growth objectives, it is essential to global economic growth that a fair, transparent and efficient market structure exists to support companies of all sizes as they list and trade on our markets.”

NYSE First Half of 2014

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.• In the U.S., NYSE Group, which represents NYSE and NYSE MKT combined, raised $20.7 billion in total proceeds from IPOs, accounting for 61% of all proceeds raised from U.S. IPOs • Includes 3 of the 5 largest IPOs: Ally Financial (ALLY), Santander Consumer USA Holdings (SC) and IMS Health Holdings (IMS).
• Includes 3 NYSE MKT IPOs; 12 total new NYSE MKT listings.

• NYSE Group is the leader in follow-on financing with $62.7 billion in proceeds raised as of June 27, 2014, as well as spin-off transactions, accounting for 76% of all spin-offs.
• NYSE continues to lead in transfers and added 4 transfers from other exchanges, representing a total of $7.7 billion in market cap including Deckers Outdoor Corporation (DECK), EnLink Midstream Partners (ENLK) and Banc of California Inc. (BANC).
• Reflective of high quality listings, NYSE Group IPOs YTD have a median return of 11.9%, a median market cap of $703 million and $166 million in median proceeds raised – superior to other exchange listed IPOs.
• Looking ahead, several prominent companies have indicated their intent to list with the NYSE, including Alibaba Group Holding Limited.

Leadership across sectors and geographies
• NYSE led in technology listings with 22 tech IPOs, representing 58% of all U.S. tech IPOs and raising a combined $4.5 billion in proceeds including IMS Health (IMS), Zendesk (ZEN), GrubHub (GRUB), Arista Networks (ANET) and Cheetah Mobile (CMCM).
• 87% of all energy IPOs listed with NYSE, raising a combined $5.5 billion in proceeds.
• Financial services IPOs on the NYSE raised $6.4 billion in proceeds, accounting for 77% of all offerings in that sector.
• NYSE continues to attract non-U.S. IPOs, with 72% more non-U.S. IPOs YTD compared to first half of 2013.

Leadership in Exchange Traded Products
• NYSE Arca led in new exchange traded product (ETP) listings in the first half of 2014; of the more than 100 ETPs that listed in the U.S. in the first half of 2014, nearly 90% listed on NYSE Arca.
• NYSE Arca has over 50 issuers with nearly 1,500 ETPs, representing nearly $1.7 trillion of combined assets under management.

Hear from Tom Farley and Scott Cutler on why the NYSE is the center of global business: goo.gl/BmRLRy

About Intercontinental Exchange

Intercontinental Exchange (ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures and Liffe.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE, New York Stock Exchange and LIFFE. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml and http://www.nyx.com/terms-use.

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 Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.

SOURCE: IntercontinentalExchange

What Is a Global Capital Market?

Moble Art

A global capital market is the interlinking of various investment exchanges around the world that enable individuals and entities to buy and sell financial securities on an international level. The interlinking of these various exchanges results in the emergence of an informal, but never-the-less structured global capital market. Spurred by the decoupling of exchange controls and foregoing of adjustable peg exchange rates from individual Sunny capital markets, in addition to technological advances that have facilitated the movement of capital around the world, investors have increasingly sought investments in multiple currencies. While equities still lag behind, other investments, such as bonds, currencies and foreign exchanges, are all interlinked and highly visible in international trading. Yet to reach full maturity, the market is growing and integrating at a steady pace as investors continually shift investments to the most stable, well-regulated or high-growth economies around the globe.

As the complexity and interlinking of the global economy grows, so follows the capital markets. Currently, financial institutions around the world transfer billions of dollars worth of assets and investments on a daily basis in cross border exchanges. Assessing the worth of the global capital market, many researchers and economists have concluded the total represents more than $200,000,000,000,000 US Dollars (USD) and will continue to grow well into the future.
Thinking Visibly

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Global Capital Exchange

Global Capital Exchange

Healthcare Capital Markets

The CBRE U.S. Healthcare Capital Markets Group has formally aligned with its overseas counterparts based in Canada, Europe and the South Pacific to provide owners with increased access to international capital. The Europe, Middle East and Africa (EMEA) Healthcare Capital Markets Group, led by Tom Morgan and Edward O’Brien in London, has solidified key relationships with some of the foremost global investors seeking to benefit from the demographic trends in the United States.  In addition David Bruce-Clark and Michael Gunn of the South Pacific Healthcare Capital Markets Group, as well as Mathew Burnett and John O’Bryan of the Canada Healthcare Capital Markets Group, lead a team of professionals across their respective regions focused on representing healthcare Gift Lodgeinvestors.
Based on client preference, we have successfully provided offshore capital as alternative equity source for select healthcare real estate dispositions and recapitalizations in the United States.

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Everest Capital falls victim to Swiss franc, shutters largest fund: Report

People queue outside a currency exchange office in Geneva, January 15, 2015. The Swiss National Bank scrapped its cap on the franc on Thursday sending the safe-haven currency crashing below the 1.20 per euro floor it set over three years ago.

Pierre Albouy | Reuters
People queue outside a currency exchange office in Geneva, January 15, 2015. The Swiss National Bank scrapped its cap on the franc on Thursday sending the safe-haven currency crashing below the 1.20 per euro floor it set over three years ago.
Switzerland’s unexpected decision to allow its currency to float freely once more against the euro may have claimed another victim—Everest Capital’s Global Fund. Bloomberg News, citing a person close to the firm, reported Saturday that Everest’s $830 million fund, its largest, took a bath after the Swiss National Bank unyoked the franc from Europe’s single currency this week. The Miami-based firm is run by Marko Dimitrijevic, a hedge fund veteran who has a long history in turbulent emerging markets. The SNB’s decision to remove the three-year-old peg, a legacy of Europe’s debt crisis, left a number of financial firms reeling. One of the worst hit was retail currency trading firm FXCM was forced to take a $300 million lifeline from Leucadia National. Major Wall Street banks like Citigroup, Deutsche Bank and Barclays also took a hit. As recently as last January, the European Central Bank ranked FXCM as the world’s third-largest retail foreign exchange broker. Reached by CNBC, a representative for Everest Capital declined to comment.