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21 Jun 2013 Oracle Corporation to Transfer Stock Listing to NYSE expand

Largest exchange transfer at $156.4 billion in market capitalization
48th transfer to NYSE for a combined $318 billion in market capitalization since 2010

New York, June 21, 2013 – “Oracle’s decision to transfer to the New York Stock Exchange validates the strength of the NYSE brand and our global leadership across all sectors – including technology,” said Duncan L. Niederauer, CEO, NYSE Euronext.  “We are looking forward to working with Oracle to leverage the full benefits of the NYSE community for their company, their customers and their shareholders.”

At $156.4 billion in global market capitalization, Oracle will be the largest market transfer upon listing on the NYSE on Monday, July 15th.  It will become the 48th company to transfer to the NYSE for a combined $318billion in global market capitalization since 2010, and the fourth NASDAQ-100 company to transfer to the NYSE during the past year.

“Oracle’s choice of the NYSE underscores our momentum and leadership in global listings, and recognizes the value of our brand, innovative market model, and technology platform,” said Scott Cutler, EVP and Head of Global Listings, NYSE Euronext.  “This transfer is an affirmation of our technology transformation, focus on innovation, and global leadership.”

Leader in U.S. Listing Transfers

  • Year-to-date 2013, excluding Oracle, two companies have transferred to the NYSE representing over $11 billion or 75% of combined market capitalization of all U.S. exchange transfers.
  • With Oracle’s listing on the NYSE, 216companies with a total combined market capitalization of $704.7 billion will have transferred to the NYSE since 2000.
05 Jun 2013 NYSE Euronext hosts its inaugural Pan European Days at the NYSE expand

3,4 & 5 June 2013 — New York

Amsterdam, Brussels, Lisbon, New York, Paris – 4 June 2013 – NYSE Euronext (NYX) today announced that its Pan European Days event started yesterday in New York and will last from June 3 to June 5, 2013. This high-profile forum brings together businesses and investors – some 61 companies with up to €762 billion in market capitalisation1  that are listed on NYSE Euronext’s continental European markets (Amsterdam, Brussels, Lisbon and Paris), and around 250 investors from the United States.

Sponsored by NYSE Euronext in partnership with the European American Chamber of Commerce New York as well as key European investment banks Espirito Santo Investment Bank, ING, and Société Generale, Pan European Days gives leading European companies an opportunity to directly address the investor community in the United States. It also allows investors to interact with CEOs and CFOs of Europe’s leading NYSE Euronext-listed companies, and learn more about opportunities on NYSE Euronext markets.

On Monday June 3, the Pan European Days started with a thematic conference on Europe, bringing together European government officials, chief economists from leading financial institutions and investors.

Session 1: Achieving growth on European continent: challenges and opportunities. With:

  • Renaat Berckmoes, CFO, Telenet
  • Antonio Borges, former Director, IMF European Department, former Vice Chair & Man. Dir., Goldman Sachs
  • Jack de Kreij, Vice Chairman & CFO, Royal Vopak
  • Manuel Rodrigues, Secretary of State of Finance Portugal
  • Patrick Sayer, CEO, Eurazeo
  • Moderator: Chrystia Freeland, Managing Director and Editor, Thomson Reuters

Session 2: European financial markets: defying economic gravity? With:

  • Carlos Andrade – Chief economist, Banco Espirito Santo
  • Mark Cliffe – Chief economist, ING
  • Kit Juckes - Head strategist, Société Générale
  • Moderator: Matt Miller, Editor in chief ,The Deal

Keynote speech:
Dr. Nouriel Roubini, co-founder and chairman, Roubini Global Economics.

Additionally, in the evening NYSE Euronext hosted a cocktail reception and exclusive dinner for all participants on the Wall Street trading floor.

The Pan European Days will continue on Tuesday and Wednesday June 4 & 5 with the Opening Bell ceremony at NYSE Euronext on June 4 at Wall Street, followed by one-on-one investor conferences at The Waldorf Astoria hotel.

Key events during this unique two-day event include:

  • face-to-face meetings with companies, investors and partners;
  • “Meet our company” spots where entrepreneurs present their business profile and strategy to a group of investors;
  • Subject-specific presentations.

Approximately 700 one-on-ones and small group meetings will be scheduled over two days.

NYSE Euronext is proud to welcome companies that are world leaders in their field representing 20 different industry sectors with attendees at CEO/CFO level for its inaugural Pan European Days,” said Marc Lefèvre, Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext. “Communication is essential since it gives investors the background information and visibility they need to make investment decisions.

Despite the impact of the worldwide financial crisis and recession, the EU-US economic relationship remains on solid ground and is more important than ever. In fact, US investment in Europe is over three times that in all of Asia combined, 30% of total investment in our European shares is by US institutional investors, and cross-listings are increasing with 19 Euronext companies double-listed on NYSE, 26 NYSE Listed companies double-listed on Euronext and 111 European companies listed on NYSE”, he added.

For more information: www.pan-european-days.com. On Twitter: #NYSEEU.

Note:
The 61 companies listed on the European market of NYSE Euronext participating to our first Pan European Days are: Accor (F); Air France KLM Group (F); Altri (P); AMG (NL); Arcadis (NL); Arcelor Mittal (NL); Arseus (B); Banco BPI (P); Banco Espirito Santo (P); Befimmo (B); Bekaert (B); Belgacom (B); BinckBank (NL); BioMerieux (F); Brunel (NL); Capgemini (F); CGG (F); Core Laboratories (NL); Danone (F); Dassault Systemes (F); Delta Lloyd (NL); DSM (NL); EDF (F); EDP - Energias de Portugal (P); EDP Renováveis (P); Elia (B); Espirito Santo Financial Group (P); Eurazeo (F); Exact (NL); Galp Energia (P); GDF-SUEZ (F); IBA (B); IGCP (P); Imerys (F); ING (NL); Ipsen (F); Jeronimo Martins (P); Lafarge (F); Millennium BCP (P); Mobistar (B); Mota Engil (P); Philips (NL); Portugal Telecom (P); Randstad (NL); REN (P); Royal Ten Cate (NL); Sanofi (F); SBM Offshore (NL); Scor (F); Société Générale Group (F); STMicroelectronics (F); Suez Environnement (F); Technip (F); Telenet (B); Total (F); USG People (NL); Veolia Environnement (F); Vivendi (F); Vopak (NL); Ziggo (NL); Zodiac Aerospace (F); Zon Multimedia (P).


1 The combined market capitalisation of the companies attending accounts for approximately 30% of the total market capitalisation of Euronext ($2,793 billion as at Dec. 2012).

20 Dec 2012 IntercontinentalExchange to Acquire NYSE Euronext For $33.12 Per Share in Stock and Cash, Creating Premier Global Market Operator expand

Supports transformative opportunities in clearing and market structure amid regulatory change;
Dual headquarters in Atlanta and New York; will maintain iconic NYSE building

ATLANTA and NEW YORK and PARIS, December 20, 2012 – IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, and NYSE Euronext (NYSE: NYX), the preeminent global equity, equity options and fixed income derivatives market operator, today announced a definitive agreement for ICE to acquire NYSE Euronext in a stock-and-cash transaction. The acquisition combines two leading exchange groups to create a premier global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates. With leading clearing capabilities, the combined company will be well positioned to deliver efficiencies while serving customer demand for clearing and risk management
globally.

Under the terms of the agreement, which was unanimously approved by the Boards of both companies, the transaction is currently valued at $33.12 per NYSE Euronext share, or a total of approximately $8.2 billion, based on the closing price of ICE’s stock on December 19, 2012. NYSE Euronext shareholders will have the option to elect to receive consideration per NYSE Euronext share of (i) $33.12 in cash, (ii) 0.2581 IntercontinentalExchange common shares or (iii) a mix of $11.27 in cash plus 0.1703 ICE common shares, subject to a maximum cash consideration of approximately $2.7 billion and a maximum aggregate number of ICE common shares of approximately 42.5 million. The overall mix of the $8.2 billion of merger consideration being paid by ICE is approximately 67% shares and 33% cash. The transaction value of $33.12 represents a 37.7% premium over NYSE Euronext’s closing share price on December 19, 2012.

  • NYSE Euronext shareholders will own approximately 36% of ICE shares post-transaction.
  • The cash portion of the transaction will be funded by a combination of cash on hand and existing ICE credit facilities.
  • The transaction is expected to close in the second half 2013, subject to regulatory approvals in Europe and the U.S. and approval by shareholders of both companies.
  • The majority of run-rate expense synergies of $450 million are expected to be achieved in the second full year postclosing.
  • Earnings accretion of greater than 15% is expected in the first year post-closing.
  • As a result of the transaction, ICE clearing will be more capital efficient and provide operational efficiencies for clearing members.
  • ICE is committed to preserving the NYSE Euronext brand. ICE will maintain dual headquarters in Atlanta and New York. New York headquarters will be located in the Wall Street building, home to the iconic trading floor. ICE will also open a new midtown Manhattan office in June 2013.
  • ICE is also committed to maintaining the position of NYSE Liffe in London as a leading international market operator for derivatives products, including its benchmark interest rate complex.
  • ICE intends to explore an initial public offering of Euronext as a Continental European-based entity following the closing of the acquisition if market conditions and European policy makers support the offering.
  • Jeffrey C. Sprecher will continue as Chairman and CEO of the combined company and Scott A. Hill as CFO. Duncan L. Niederauer will be President of the combined company and CEO of NYSE Group. Four members of the NYSE Euronext Board of Directors will be added to the ICE Board of Directors which will be expanded to 15 members.

"Our transaction is responsive to the evolution of market infrastructure today and offers a range of growth opportunities, while enhancing competition in US and European markets and broadening our ability to address new markets and offer innovative products and services on a global platform," said ICE Chairman and CEO Jeffrey C. Sprecher. "We believe the combined company will be better positioned to compete and serve customers across a broad range of asset classes by uniting our global brands, expertise and infrastructure. With a track record of growth and returns, clearing and M&A integration, we are well positioned to transform our combined companies into a premier global exchange operator that remains a leader in market evolution."

“The Board of NYSE Euronext carefully considered a range of strategic alternatives and concluded that ICE is the ideal partner for NYSE Euronext in an evolving market landscape," said Jan-Michiel Hessels, Chairman of the Board of NYSE Euronext. "We look forward to working with ICE to complete this compelling, value-enhancing combination." “This transaction leverages the strength of our iconic brand and the value we have created in our global equity and derivatives franchises – positioning the business for solid long-term growth and development,” said Duncan L. Niederauer, CEO of NYSE Euronext. “We are bringing together two highly complementary businesses, creating an end-to-end multiasset portfolio that will be strongly positioned to serve a global client base and capture current and future growth opportunities.”
Benefits of the transaction include:

Financial

  • Acquisition will unlock significant value through the achievement of merger related cost synergies. ICE has successfully integrated more than a dozen acquisitions in the last decade, with a track record of delivering on or exceeding synergy commitments.
  • The transaction is expected to be highly accretive to earnings in the first year after closing and produce returns on invested capital above the transaction’s cost of investment beginning in year two.
  • Model delivers strong operating leverage while preserving healthy levels of recurring revenues and participation in a market recovery, positioned to perform well in a rising interest rate and improved equity market environment.
  • Strong cash flows and balance sheet of the combined company support continued investments in growth initiatives while facilitating rapid deleveraging post-close. ICE, upon closing of the transaction intends to adopt a dividend policy that will provide for an annual dividend payment of approximately $300 million. This amount represents the aggregate amount of NYSE Euronext’s current annual dividend payment.
  • Provides for diversification among multiple asset classes and expands ICE’s reach into new markets, including the world’s largest asset class - interest rates - at current cyclical lows.

Operational

  • Acquisition creates an unparalleled operator of global exchanges and clearing houses for agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates.
  • Benefits from strong global presence, infrastructure and brands across international markets.
  • NYSE Liffe execution and clearing will be merged into ICE Clear Europe, creating an efficient clearing model poised for growth as interest rate markets recover and interest rate swap clearing develops.
  • ICE has proven transition capabilities and successfully launched ICE Clear Europe in November 2008, transferring approximately 26.5 million contracts and over $16 billion in initial margin

Competition and Market Structure

  • Builds on track record of improving market transparency and expands resources to address challenges and opportunities in equity market structure.
  • Enhances innovation and competitiveness within U.S. and European rate markets.
  • Operational and capital efficiency in implementation of new regulatory requirements with compliant solutions already in place.
  • Emphasis on market safety and security via high-performance, integrated technology infrastructure.

ICE’s lead financial advisor is Morgan Stanley; further financial advice is being provided by BMO Capital Markets Corp., Broadhaven Capital Partners, JPMorgan, Lazard, Societe Generale Corporate & Investment Banking, and Wells Fargo Securities, LLC. ICE legal advisors are Sullivan & Cromwell LLP and Shearman & Sterling LLP. The principal financial advisers to NYSE Euronext are Perella Weinberg Partners and BNP Paribas. Legal advisers to NYSE Euronext are Wachtell, Lipton, Rosen & Katz, Slaughter & May, and Stibbe N.V. Further financial advice to NYSE Euronext is being provided by Blackstone Advisory Partners, Citigroup, Goldman Sachs & Co. and Moelis & Co.

27 Nov 2012 NYSE Euronext to Host the 2012 NYSE Russia Day expand

New York, NY – Nov. 27, 2012-- Leading business executives, investors, and government officials led by Igor Shuvalov, First Deputy Prime Minister of the Russian Federation will visit the New York Stock Exchange (NYSE) for the 2012 NYSE Russia Day on Monday, Dec. 3, 2012.  Hosted in conjunction with Vnesheconombank (VEB) and supported by Mobile TeleSystems (MTS), Cleary Gottlieb, BNY Mellon and Bloomberg TV, the half-day conference will offer insights into Russia’s economic outlook, investment opportunities, capital markets and privatization program.

The delegation of Russia's economic government officials and private company's CEOs will be led by Igor Shuvalov, First Deputy Prime Minister of the Russian Federation. In the Russian government he is responsible for macroeconomic sector, including strategic infrastructure projects, privatization, finance/tax policy and Far East development.

Participants include: Alexander Voloshin, Head of Moscow International Financial Center Task Force; Olga Dergunova, Head of Federal Property Management Agency of the Russian Federation; Alexei Moiseev, Deputy Finance Minister of the Russian Federation, joined by chief executive officers, including Igor Zyuzin, Chairman of Mechel and Andrei Dubovskov (NYSE: MTL), CEO of Mobile TeleSystems “MTS” (NYSE: MBT) and investors in Russian and American companies.

“Russia Day at the NYSE is a unique opportunity to raise awareness of the growth of the Russian economy and discuss opportunities in our corporate sector," said Igor Shuvalov, First Deputy Prime Minister of The Russian Federation.  "Russia is becoming an increasingly attractive destination for commercial development and investment and the potential of US-Russian trade and economic relations is enormous.  Therefore, starting dialogue and building relationships with those who want to do business and invest in Russia are among our top priorities.”

“Russia Day at the NYSE will provide in-depth perspectives on the recent and anticipated changes in economic development in Russia while allowing participants to discuss strategic opportunities with market leaders, investors and top-level government officials,” said Albert Ganyushin, Head of Listings – International, NYSE Euronext.  “Our goal is to increase awareness among the US investment and advisory community of the investment opportunities in Russia, the country's plans to accelerate and broaden its privatization program and the development of the Russian financial markets.”

For more information on the 2012 Russia Business and Investment Conference including program agenda and full list of participants, go to:

https://www.euronext.com/en/nyse-russia-day

11 Jan 2012 NYSE Euronext #1 Globally in IPO Proceeds Raised in 2011 expand

NYSE Euronext Remains Market Leader in U.S. IPOs and Proceeds Raised in 2011
NYSE Euronext European markets listed 44 new companies, with 38 SMEs
For 2012, over 120 new transactions expected in the IPO pipeline

New York, January 5, 2012 – NYSE Euronext (NYX), raised more proceeds from Initial Public Offerings (IPOs) than any other global exchange group in 2011, with $33 billion in total global proceeds raised from 104 IPOs.  In the U.S., for the fifth consecutive year, NYSE Euronext led the market for IPOs and total proceeds raised with 89 IPOs.  Additionally in the U.S., NYSE gained 16 listing transfers from Nasdaq.  In Europe, NYSE Euronext had 44 new listings, with approximately €150 million in proceeds raised.

“Despite economic uncertainty and volatile global markets in 2011, NYSE Euronext markets raised more IPO capital than any other venue globally,” said Scott Cutler, EVP and Co-Head of U.S. Listings and Cash Execution at NYSE Euronext. “Companies continue to recognize the value and inherent advantages of listing on NYSE Euronext markets, including our leading global brand, our trading platform powered by leading technology, our issuer services offerings and our unique community strategy that connects issuers with global business partners and customers.”

“With over 120 filed transactions in our pipeline with approximately $23 billion expected to be raised, we are encouraged by the prospects for 2012,” Cutler added. “Young, innovative, emerging growth companies are the engines of job creation, and access to capital through IPOs is key to allowing these enterprises to grow and hire new employees.  NYSE Euronext deeply values its role in supporting this capital raising process.”

Technology Sector Gains
In 2011, NYSE Euronext listed 44% of the technology IPOs in the U.S., bringing 19 new IPOs to the U.S. market.  Its success in attracting leading technology companies such as Fusion-io Inc. (NYSE: FIO), Imperva, Inc. (NYSE: IMPV), LinkedIn (NYSE: LNKD) and Pandora (NYSE: P) reflects the evolution of NYSE Euronext’s platform in capturing leading growth sectors in the economy.

In addition to capturing leading growth sectors, NYSE Euronext continued to attract IPO listings from the private-equity (PE) community.  In 2011, 76% of all PE-backed IPOs listed on the NYSE Euronext U.S markets.  Some of the largest PE-backed companies that listed on the NYSE Euronext in 2011 included BankUnited Inc. (NYSE:BKU), HCA Holdings, Inc. (NYSE: HCA), Kinder Morgan, Inc. (NYSE: KMI) and Nielsen Holdings N.V. (NYSE: NLSN) among others.

A Global Listings Venue
Issuers all over the world continue to list on NYSE because they value the quality of execution and access to the largest pool of capital found on the U.S. markets.  In 2011, NYSE Euronext attracted IPO listings from international issuers from seven different countries around the world, including Argentina, British Virgin Islands, China, France, Greece, Netherlands and South Korea, representing 14% of NYSE-listed IPO transactions in 2011.  Some of the leading international companies that listed with NYSE Euronext in 2011 included Arcos Dorados Holdings (NYSE: ARCO), InterXion Holding N.V. (NYSE: INXN), MagnaChip Semiconductor Corp. (NYSE: MX) and Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) among others. 

Continued Success of Transfers
Companies continue to transfer to the NYSE Euronext because they value the global listings venue, branding, visibility and tailored customer services the company offers.  Since 2000, NYSE has won 198 transfers from Nasdaq representing a combined $458 billion in total market capitalization, including 16 companies with a combined $30 billion in market capitalization in 2011.  Companies that transferred to NYSE from Nasdaq in 2011 included IMAX Corp. (NYSE: IMAX), Level 3 Communications (NYSE: LVLT), Prosperity Bancshares Inc. (NYSE: PB) and XO Group Inc. (NYSE: XOXO) among others.

Committed to Growth of Small and Medium Enterprises (SMEs)
In 2011, NYSE Euronext continued to support its commitment to small and medium enterprises (SMEs) in Europe, helping these issuers leverage the markets to secure funding needed to finance their development.  Of the 44 new listings on NYSE Euronext European markets, 38 were SMEs, with 34 listed on NYSE Alternext.

“In 2011, our European market continued to welcome SME listings, including 34 companies from different origins and sectors that joined NYSE Alternext, the tailor-made platform for small and mid-cap companies, boosting market capitalization by over €500 million, for a total of €6 billion,” said Diederik Zandstra, Head of International Listings at NYSE Euronext. “SMEs create value and jobs and are a driving force in economic development.  They represent about 80% of companies listed with NYSE Euronext in Europe, which places them at the heart of our business and makes them a strategic priority.”

In 2011, NYSE Euronext European markets welcomed high-profile listings including three cross-listings from international companies such as Coca-Cola Enterprises, Hexcel Corporation and SuccessFactors, as well as four large spin-offs from Aperam (ex- ArcelorMittal, €2.2 billion market cap at listing), TNT(ex- PostNL, €4.8 billion market cap at listing), Axway (ex- Sopra Group, €300 million market cap at listing) and Maurel & Prom Nigeria (ex- Maurel & Prom, €288 million at listing), in addition to the listing of Areva, which represented a market capitalization of €11.5 billion.

Advocacy Leadership
NYSE Euronext continues to be a strong advocate for clients and the industry on key issues such as job creation, tax reform, corporate governance and market structure.  The company works to provide its clients in the US and Europe with an active voice on key policy and regulatory matters, access to decision makers and key leaders in government and timely and reliable information about events and issues impacting our global markets.  For more information on the various initiatives the NYSE Euronext led on behalf of publicly-listed issuers in 2011, including participation in the review of the Markets in Financial Instruments Directive (MiFID) in Europe and the IPO Task Force in the US, please visit the European Advocacy and U.S. Advocacy pages of the NYSE Euronext website.

For more information on NYSE Euronext’s Listings performance in 2011, please click here to view Scott Cutler’s discussion of these results.

09 Dec 2010 NYSE Euronext Announces Major Enhancements to NYSE Bonds Platform expand

NYSE Euronext today announced major enhancements to its fixed income trading platform, NYSE Bonds. They include the new Bond Liquidity Provider (BLP) program that will improve liquidity and provide price transparency to retail investors. The proposed enhancements remain subject to approval by the US Securities and Exchange Commission, following the usual public comment and review period.

17 Sep 2010 NYSE Euronext and APX to Establish NYSE Blue, a Joint Venture Targeting Global Environmental Markets expand

New York, September 7, 2010 – NYSE Euronext (NYX) today announced plans to create NYSE Blue, a joint venture that will focus exclusively on environmental and sustainable energy markets. NYSE Blue will include NYSE Euronext’s existing investment in BlueNext, the world’s leading spot market in carbon credits, and APX Inc., a leading provider of regulatory infrastructure and services for the environmental and sustainable energy markets.

NYSE Blue will provide a broad offering of services and solutions including integrated pre-trade and post-trade platforms, environmental registry services, a front-end solution for accessing the markets and managing environmental portfolios, environmental markets reference data, and the BlueNext trading platform.

07 Jul 2010 NYSE Euronext Welcomes NYSE-Listed Cliffs Natural Resources Inc. to Paris... expand

New York/Paris, 6 April 2009 – International mining and natural resources company, Cliffs Natural Resources Inc. (NYSE, NYSE Euronext Paris: CLF) celebrated its Fast Path cross-listing on NYSE Euronext Paris today, making it the first NYSE-listed company in 2009 to take advantage of the streamlined, cost-effective Fast Path process and the sixth listed company to do so since the facility was made available by NYSE Euronext in 2008.

The Fast Path listing is a process that enables US-listed, non-EU companies to use their existing filings with the SEC for a listing on NYSE Euronext’s European markets, with or without a simultaneous capital raising.

05 Jul 2010 NYSE Euronext welcomes NYSE-Listed Weatherford International Ltd. to its... expand

New York/Paris/Geneva, 6 October 2009 – Switzerland-based international oil field services company Weatherford International Ltd. (NYSE Euronext Paris: WFT) completed its Fast Path cross-listing on NYSE Euronext Paris today, making it the fifth NYSE-listed company to take advantage of the streamlined, cost-effective Fast Path process since it was made available by NYSE Euronext in 2008.

The Fast Path listing enables US-listed, non-EU companies to use their existing filings with the SEC for a listing on NYSE Euronext’s European markets, with or without a simultaneous capital raising.

05 Jul 2010 NYSE Euronext welcomes KNIGHT CAPITAL GROUP on its European market expand

Paris, 25 May 2010 – KNIGHT CAPITAL GROUP, a US dynamic financial services firm providing market access and trade execution services, today celebrated its transfer from Nasdaq to NYSE (ticker symbol: KCG) and its simultaneous cross-listing on NYSE Euronext Paris (ticker symbol: KCG).

KNIGHT CAPITAL GROUP used the streamlined, cost-effective Fast Path process  to expand its operations in Europe, making it the first company to take advantage of this listing procedure in connection with its transfer on the NYSE since it was made available by NYSE Euronext in 2008.