CNBC's Bob Pisani and Scott Cutler, NYSE Euronext EVP & head of global listings, discuss the coming IPO outburst and why so many companies are launching now.» Read More
Some of the names on the move ahead of the open.
Exchanges, including New York Stock Exchange operator NYSE Euronext and Nasdaq OMX, said they agreed on the timing and nature of certain regulatory proposals, including rules designed to protect the securities information processor at the center of the Aug. 22 trading halt.
NEW YORK, Nov 12- IntercontinentalExchange Inc's takeover of NYSE Euronext is complete and stock of the combined company will begin trading under the symbol ICE on Wednesday, said the head of ICE, an exchange and clearing house operator.
With the Intercontinental Exchange and NYSE Euronext deal set to close, Jeff Sprecher, Intercontinental Exchange CEO, discusses the deal and says the greatness of the company is the way it raises capital.
Exchanges including New York Stock Exchange operator NYSE Euronext and Nasdaq OMX said they had reached an accord on the timing and the nature of certain regulatory proposals, including rules designed to protect the securities information processors that disseminate quotes to investors.
Including Twitter this week, 19 tech companies have chosen to go public on the NYSE in 2013, while Nasdaq has won only 14 listings so far this year. Tech IPO proceeds also favor the NYSE over Nasdaq, at $4.6 billion to $1.9 billion, according to Thomson Reuters data.
Nov 8- IntercontinentalExchange Inc said its takeover of NYSE Euronext would close on Nov. 13, after clearing final regulatory hurdles on Friday. The derivatives exchange and clearing house operator said in December it would buy the owner of the New York Stock Exchange in a deal that also gives ICE control of Liffe, Europe's No. 2 derivatives market.
Nov 8- NYSE Euronext said its more than $10 billion takeover by IntercontinentalExchange Inc is set to close on Nov. 13. The two companies now have all the regulatory approvals necessary to proceed with the closing, NYSE said in a statement on Friday.
Today was "went just as I wanted for Twitter," said Duncan Niederauer, NYSE Euronext CEO.
CHICAGO/ SAN FRANCISCO, Nov 7- CME Group Inc and the IntercontinentalExchange Inc are gearing up to revisit a high-stakes battle in an obscure corner of commodities rule-making, highlighting the fallout still emerging from Washington five years after the financial crisis.
*Qualcomm falls after results, outlook. The broader market was hurt after weak earnings from Whole Foods and Qualcomm and lackluster economic figures, including the first read on U.S. third-quarter gross domestic product that was elevated by inventory accumulation.
NYSE Euronext CEO Duncan Niederauer also told CNBC on Thursday that the exchange has done everything it can do to make sure the Twitter IPO goes smoothly.
Duncan Niederauer, CEO, NYSE Euronext, says the Twitter IPO is likely to happen around 10 or 10:15, and that the NYSE has done all it can to get ready for this IPO.
"The key to establishing venture exchanges is to create a platform which could encourage smaller companies to enter our public markets while at the same time providing adequate protection for investors," said Daniel Gallagher, a Republican member of the Securities and Exchange Commission, in prepared remarks at a futures industry conference in Chicago.
NYSE Euronext CEO and director Duncan Niederauer, calls Twitter's IPO the latest series of wins in the technology sector. Lack of information and transparency contributed to issues with Facebook's IPO, and that won't happen with Twitter, he adds.
Nov 5- IntercontinentalExchange Inc said on Tuesday it expects to close its takeover of NYSE Euronext within days, and reported an 8 percent rise in third-quarter profit, helped by lower taxes and new clearing revenues.
A flood of IPOs will make this the biggest week for offerings since 2006, and could swamp Twitter's buzz.
NEW YORK, Nov 5- IntercontinentalExchange Inc Chief Executive Jeff Sprecher said on Tuesday that he hopes ICE's more than $10 billion NYSE Euronext takeover will close within days.
Net income attributable to ICE, the Atlanta- based derivatives exchange and clearing house operator, was $141.3 million, or $1.92 a diluted share, up from $131.1 million, or $1.79 a diluted share, a year earlier.
NEW YORK, Nov 1- Nasdaq OMX Group Inc closed its second-largest options market for much of Friday after a spike in volume hampered the exchange's ability to accept orders and distribute quotes, the latest glitch to hit U.S. market operators.