NYSE Launches New Suite of Services for Small- to Mid-Cap Growth Companies

ATLANTA & NEW YORK--()--The New York Stock Exchange, part of the Intercontinental Exchange (NYSE: ICE) global network of exchanges, today introduced an enhanced range of services for issuers on NYSE MKT, which exclusively serves small- to mid-cap growth companies.

NYSE MKT offers alternative listing standards, including reduced market capitalization and requirements. To support these small-to mid-cap companies, NYSE MKT is leveraging the New York Stock Exchange’s vast network of service and visibility to offer a full range of corporate services as part of a highly competitive listing fee.

According to Garvis Toler III, NYSE Global Head of Capital Markets, the new NYSE MKT services are part of NYSE’s commitment to supporting companies throughout every phase of their growth as a public company.

“In expanding our NYSE MKT services, we looked closely at the evolving needs of our NYSE MKT companies and those that are coming to market to redesign and deliver best-in-class services,” Toler said. “Our expanded services create unparalleled value for each listed company, their leadership team and shareholders. We’re proud to be the first U.S. exchange to offer a service package that specifically meets the needs of small to mid-cap companies.”

Timothy T. Goodnow, CEO of Senseonics, a medical technology company that listed on NYSE MKT in March said, “NYSE MKT is a unique platform that provides small-and mid-cap companies with the opportunity to take the next step in their development. Our listing on NYSE MKT represents both an important milestone and an important juncture in our growth story, and our ability to develop medical technology to help people with diabetes.

“We are proud to begin our next chapter as a public company, and we are delighted to benefit from the expansive range of services that NYSE MKT provides,” Goodnow said.

One of the most compelling features of the enhanced services is a complete investor relations and governance services listing package that includes investor relations website hosting and webcasting services, press release distribution and regulatory disclosure solutions from Business Wire, NYSE Governance Services, and a whistleblower hotline. All of this is provided for the first two years following a company’s IPO.

Benefits of a NYSE MKT listing include:

  • A complete IR and NYSE Governance Services program to serve the needs of executives and their teams.
  • Access to NYSE’s cornerstone Designated Market Maker (DMM) model. DMMs have obligations to maintain fair and orderly markets for their assigned securities. They operate both manually and electronically to facilitate price discovery during market opens, closes and during periods of trading imbalances or instability. This high touch approach is crucial for offering the best prices, dampening volatility, adding liquidity and enhancing value -- all of particular importance for companies with a less liquid stock.
  • NYSE Connect - A value added service that delivers unprecedented access to exclusive information, data, insights, webinars on capital markets, corporate governance, economics and policy topics. It also provides varied perspectives from leading industry experts and NYSE senior executives, along with NYSE daily morning, midday, and end-of-day Market Reports.
  • Greater certainty over IPO pricing, timing and volume. The NYSE & NYSE MKT are the only platforms with an auction model that enables live and virtual dialogue between all IPO market participants to support a seamless transition to publicly traded securities.
  • Unmatched visibility as part of the network of the world’s most recognized and innovative companies. NYSE Group is home to the world’s best-known companies including American Express, Coca Cola, GE and Pfizer. It’s also the home to tech leaders like Fitbit, Go Daddy, Oracle and Twitter, with more than 50% of new tech listings choosing the NYSE Group each of the past three years, and 62% last year alone.
  • Ability to extend the company’s reach to investors, customers and the NYSE network of listed companies by accessing events and the NYSE’s trading floor where 30 major media outlets broadcast live every day, and through NYSE’s social media programs.

For more information, please visit: https://www.nyse.com/markets/nyse-mkt

About NYSE Group

NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group includes exchanges, market data and connectivity services. The equity exchanges -- the New York Stock Exchange, NYSE MKT and NYSE Arca -- trade more U.S. equity volume than any other exchange group. NYSE is the premier global venue for capital raising, leading worldwide in IPOs, including technology IPOs. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016.

SOURCE: Intercontinental Exchange



NYSE Media Contact:
Kristen Kaus
+1 212 656 2205


NYSE Media Contact:
Kristen Kaus
+1 212 656 2205