NYSE Leads All Exchanges in Capital Raising in 2016, Securing $119.4b

Despite seeing slower IPO activity in 2016, the NYSE led all other exchanges in capital raised.

The New York Stock Exchange’s (NYSE) capital raising accolades managed to secure another benchmark distinction in 2016, solidifying itself as the largest player in this space with 392 transactions, more than any other exchange during the year, per a NYSE statement.

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Overall, many global exchanges have had their up and down years, influenced in large part by several factors and shifting markets. For its part, NYSE raised a total of with $119.4 billion in proceeds from 392 transactions in 2016, which saw it overtake all other venues by capital raising.

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The capital raising comes amidst lower initial public offering (IPO) activity, with many exchanges in Europe and the antipodes seeing a dearth of IPOs and capital in H2 2016. Still, in a down year, the NYSE raised $13.1 billion from IPOs, which included the largest US IPO of the year with ZTO Express raising $1.4 billion.

Tom Farley Photo: Bloomberg
Tom Farley
Photo: Bloomberg

According to Tom Farley, NYSE Group President, in a recent statement on the exchange’s performance in 2016: “We’re proud to play such an important role in the growth of our clients and in supporting economic growth, demonstrating the unique role the NYSE holds at the center of the global capital markets.”

“As we look ahead, we are laser focused on serving and expanding our network of 2,400 listed companies. With so many innovative companies led by strong management teams looking to raise capital and grow by accessing public markets, we are optimistic about a strong start to 2017,” he added.

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