Mead Johnson Nutrition Celebrates IPO, First Day of Trading on NYSE

NEW YORK--(BUSINESS WIRE)--Mead Johnson Nutrition today opened for trading on the New York Stock Exchange under the ticker symbol “MJN” after its successful IPO in which it raised $720 million in gross proceeds. Mead Johnson Nutrition, with 2008 revenue of nearly $2.9 billion, is a global leader in pediatric nutrition and best known for its Enfamil® infant formula and “Enfa” brand franchise.

“As the first major IPO in 2009, Mead Johnson demonstrates that great companies can raise money, go public, and list on our markets even in challenging market conditions. We look forward to providing the company with the superior liquidity, services and brand visibility associated with listing on NYSE Euronext markets.”

Mead Johnson Nutrition, based in Evansville, IN, is the first major U.S. company to go public in 2009 and the largest U.S. IPO since American Water Works (NYSE: AWK) listed on the NYSE on April 23, 2008.

“Mead Johnson is a well-respected global company and a welcome addition to our family of NYSE-listed companies,” said Scott R. Cutler, NYSE Euronext EVP and Head of Listings, Americas. “As the first major IPO in 2009, Mead Johnson demonstrates that great companies can raise money, go public, and list on our markets even in challenging market conditions. We look forward to providing the company with the superior liquidity, services and brand visibility associated with listing on NYSE Euronext markets.”

To celebrate the special occasion, Mead Johnson Nutrition Chief Executive Officer Stephen W. Golsby rang today’s opening bell, joined by the company’s management committee.

Mead Johnson Nutrition is formerly a division of Bristol-Myers Squibb Company, which is listed on the NYSE under the symbol “BMY.”

2008 IPOs on NYSE Euronext markets:

-- Based on IPO proceeds raised globally in 2008, NYSE Euronext retained its # 1 ranking among major exchanges globally, with $45 billion raised, or 37% of total IPO capital proceeds.

-- In 2008, NYSE Euronext attracted the largest IPO in U.S. history, with Visa (NYSE: V), raising $17.86 billion/€11.5 billion, and in Europe, the second-largest IPO in Europe in 2008, with EDPR (NYSE Euronext: EDPR) raising $2.42 billion/€1.566 billion.

About Mead Johnson (NYSE: MJN)

Mead Johnson develops, manufactures, markets and distributes more than 70 products in 50 markets world wide primarily under the “Enfa” family of brands, including Enfamil® infant formula. For more information, please visit www.meadjohnson.com.

About NYSE Euronext

NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext’s exchanges include the New York Stock Exchange, Liffe, the leading European derivatives exchange by value of trading, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.

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