NASDAQ OMX Announces First Quarter 2008 New U.S. Listings Statistics

NEW YORK, April 7, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The NASDAQ Stock Market(r) (NASDAQ(r)) attracted more initial public offerings (IPOs) in the first quarter of 2008 than any other U.S. exchange.

NASDAQ captured 10 IPOs in the quarter. Several of the largest U.S. IPOs, as measured by proceeds raised, listed on NASDAQ. They were led by Danvers Bancorp, Inc. (Nasdaq:DNBK), which raised more than $171 million. Danvers Bancorp, Inc. was one of three NASDAQ Global Select companies that listed this quarter.

NASDAQ continued to capture more new listings than any other U.S. exchange, as measured by the total number of issues. During the first quarter, NASDAQ captured 48 new listings, comprised of the following categories:

                                          1st Qtr 2008

 Total New Listings                             48
 Initial Public Offerings (IPOs)                10
 Amex & NYSE Switches                           15
 Upgrades from OTCBB & Pink Sheets              15
 ETFs, Structured Products & Other Listings      8

Of the 15 IPOs in the first quarter that were eligible to list on NASDAQ or any listing market of the NYSE Group, approximately sixty-seven percent chose to list on NASDAQ.

Notable listings in the first quarter included the top 10 IPOs, as measured by proceeds raised, of Danvers Bancorp, Inc. (Nasdaq:DNBK), CardioNet, Inc. (Nasdaq:BEAT), Meridian Interstate Bancorp, Inc. (Nasdaq:EBSB), IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), and Cape Bancorp, Inc. (Nasdaq:CBNJ) and the switches from the American Stock Exchange (Amex) of Camden National Corporation (Nasdaq:CAC), Bolt Technology Corporation (Nasdaq:BOLT) and Mission West Properties, Inc. (Nasdaq:MSW).

NASDAQ saw six non-U.S. new listings in the first quarter, including the IPOs of Chinese educational services company ATA, Inc. (Nasdaq:ATAI), the Amex switch of Canadian international energy company Transglobe Energy Corporation (Nasdaq:TGA), and the Chinese Over-the-Counter Bulletin Board (OTCBB) upgrades of go-kart manufacturer Kandi Technologies, Corp. (Nasdaq:KNDI), film and packaging materials company Shiner International, Inc. (Nasdaq:BEST), steel fabrication company Sutor Technology Group Limited (Nasdaq:SUTR), and power generating company A-Power Energy Generation Systems, Ltd. (Nasdaq:APWR).

A record fifteen companies switched from the Amex, eleven of which elected to retain their three-character symbols. This was made possible by the Securities and Exchange Commission's (SEC) approval of a NASDAQ proposal in July 2007 to allow NASDAQ to accept three-character ticker symbols -- in addition to the four-character symbols NASDAQ has historically used.

Below is a list of the Amex companies that switched to NASDAQ in the first quarter:

 Company                                                 Ticker
 -------                                                 ------

 Transglobe Energy Corporation                           TGA
 Camden National Corporation                             CAC
 Advanced Battery Technologies, Inc.                     ABAT
 Bolt Technology Corporation                             BOLT
 Mission West Properties, Inc.                           MSW
 Information Services Group, Inc.                        III
 Camden National Corporation                             CAC
 Sport Supply Group, Inc.                                RBI
 R.G. Barry Corporation                                  DFZ
 MicroFinancial Incorporated                             MFI
 IntriCon Corporation                                    IIN
 MCF Corporation                                         MERR
 Celsion Corporation                                     CLN
 Superior Uniform Group, Inc.                            SGC
 MHI Hospitality Corporation                             MDH
 Ivivi Technologies, Inc.                                IVVI

NASDAQ, the most liquid U.S. market for exchange traded funds (ETF), listed two new ETFs in the first quarter; BGI-sponsored iShares MSCI ACWI Index Fund (Nasdaq:ACWI) and iShares MSCI ACWI ex US Index Fund (Nasdaq:ACWX). They are trading on The NASDAQ ETF Market, which is designed specifically to support ETFs and Index Linked Notes (ILNs) during their critical period of incubation and further strengthen NASDAQ's leadership position in the U.S. ETF sector.

To view all new NASDAQ listings in 2008, visit

Statistics are sourced from internal NASDAQ information. IPOs include offerings done on a "best efforts" basis. For more information about these and other NASDAQ market performance statistics, visit


The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit


          Bethany Sherman
          (212) 401-8714
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