New York Stock Exchange (NYSE) officials indicated an unprecedented 12 months of activity included an industry-leading number of transfers and the largest initial public offering (IPO) in 2022.
“There is unparalleled value ascribed to companies with an NYSE listing, and in 2022 we were laser-focused on servicing our community of innovators,” NYSE President Lynn Martin said. “During a year that saw substantial market volatility, our market model, community, and platform delivered substantial savings to issuers and brought an extraordinary level of excitement and activity to our iconic home at 11 Wall Street.”
The NYSE recorded 34 transfers as of Dec. 20, 2022, representing the highest number since 2002 while delivering $83 billion of additional market capitalization.
According to the NYSE, over 300 issuers have transferred their listings to the organization since 2000, which translates to more than $1 trillion in current market value.
The NYSE also noted Corebridge Financial raised $1.7 billion, resulting in the largest domestic IPO of 2022. Despite a quiet year for new listings in the wake of market volatility and other factors, issuers continued to turn to the NYSE for the largest and most complex transactions.
The NYSE served as the base for three of the year’s top five operating company IPOs.