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NASDAQ captured six IPOs in the quarter and were led by Maiden Holdings Ltd. (Nasdaq:MHLD) and American Capital Agency Corp. (Nasdaq:AGNC), which raised $476.4 million and $304.9 million, respectively.
During the second quarter, NASDAQ captured a total of 42 new listings, comprised of the following categories:
Total New Listings - 42
Initial Public Offerings (IPOs) - 6
Amex & NYSE Switches/Dual Listings - 16
Upgrades from OTCBB & Pink Sheets - 10
ETFs, Structured Products & Other Listings - 10
Notable listings in the second quarter included the switch from the New York Stock Exchange of CA Inc. (Nasdaq:CA), a leading independent IT management software company with a market capitalization of $11.3 billion. CA Inc. became the first NYSE-listed company to transfer to NASDAQ and keep its two letter ticker symbol. Associated Estates Realty Corporation (Nasdaq:AEC) listed its shares on NASDAQ, in addition to its listing on the NYSE.
NASDAQ also saw fourteen switches from the American Stock Exchange (Amex) in the quarter, five of which elected to retain their three-character ticker symbols and one that retained its two-character symbol. The Securities and Exchange Commission (SEC) approved a NASDAQ proposal to allow NASDAQ to accept three-character ticker symbols -- in addition to the four-character symbols NASDAQ has historically used -- and has allowed companies to retain their two-character ticker symbols after switching to NASDAQ. Transfers from the Amex were led by China Architectural Engineering, Inc. (Nasdaq:CAEI), Hawaiian Airlines, Inc. (Nasdaq:HA), Questcor Pharmaceuticals, Inc. (Nasdaq:QCOR) and Otelco, Inc. (Nasdaq:OTT).
Of the 42 new listings, NASDAQ saw six non-U.S. new listings in the second quarter, including the IPOs of Bermuda-based reinsurer Maiden Holdings Ltd. (Nasdaq:MHLD) and Chinese shipping company Sino-Global Shipping America, Ltd. (Nasdaq:SINO), the Amex switch of Chinese commercial construction provider China Architectural Engineering, Inc. (Nasdaq:CAEI), the OTCBB upgrades of Chinese information security provider China Information Security Technology, Inc. (Nasdaq:CIFS) and the Chinese real estate company China Housing & Land Development, Inc. (Nasdaq:CHLN), and the reverse merger of German small molecule drug developer Evotec Aktiengesellschaft (Nasdaq:EVTC). -- www.nasdaq.com