NYSE Led Market For IPO Offerings In 2010, Exchange Says

   DOW JONES NEWSWIRES 
 

NYSE Euronext (NYX) led the U.S. market for initial public offerings and new listings both in total capital raised as well as number of transactions last year, the exchange reported Friday.

The company said IPOs raised on the New York Stock Exchange totaled $39.1 billion in proceeds through 99 offerings, including a record 22 from China and a rising share of technology companies. The IPO market last year generated a lot of interest in Chinese companies, with many among the most well-received by investors in 2010.

The exchange said wind turbine manufacturer China Ming Yang Wind Power Group Ltd.'s (MY) $350 million IPO was the largest Chinese IPO in the U.S. last year, while noting online television site Youku.com Inc. (YOKU) was the best-performing IPO in the U.S. since 2005.

The NYSE listed the largest offering in the U.S. last year--auto maker General Motors Co. (GM)--which raised $16 billion and facilitated the largest secondary capital raise in history with the $70 billion secondary offering by Brazilian oil giant Petroleo Brasileiro SA (PBR, PETR4.BR).

NYSE also reported it gained 14 listing transfers from rival Nasdaq OMX Group Inc. (NDAQ), the largest number since 2003, while three companies elected to leave the NYSE for Nasdaq. Those moving to the NYSE included United Continental Holdings Inc. (UAL) and Corporate Executive Board Co. (EXBD).

-By John Kell, Dow Jones Newswires; 212-416-2480; [e-mail]