New York, Paris, January 2, 2013 – Today,AbbVie (ticker symbol: ABBV), a global research-based biopharmaceutical company formed in 2013 following separation from Abbott (ticker symbol: ABT), marked its cross-listing on NYSE Euronext (NYX) markets in Europe and the United States by ringing the Opening Bell in New York. AbbVie used the streamlined, cost-effective Fast Path process to cross-list in Europe, making it the fifteenth company to take advantage of this procedure since it was made available by NYSE Euronext in 2008.
AbbVie’s Common Stock was admitted to listing and trading on the NYSE Euronext markets by direct listing of its approximately 1.58 billion existing shares making up its capital and representing a market capitalization of €40 billion/ $54 billion.
Richard Gonzalez, CEO of AbbVie, said: “Today AbbVie launches with an outstanding portfolio, a solid pipeline and enthusiastic people who will serve patients and deliver growth. With those assets and a relentless focus on innovation we intend to create significant value for our shareholders.”
“We welcome AbbVie to the community of NYSE Euronext listed companies and applaud its decision to cross-list on our European and U.S. markets which will reinforce its global identity”, added Scott Cutler, EVP, Head of Global Listings at NYSE Euronext. “This is the beginning of a lasting relationship that will give AbbVie the benefits of the highest levels of service, liquidity and transparency available through NYSE Euronext.”