GlobeNewswire
2010-02-09
An Exclusive Event for Chinese Enterprises Seeking a U.S.
Listing
BEIJING and NEW YORK, Feb. 9, 2010 (GLOBE NEWSWIRE) -- ICR, a leading
financial communications consulting firm specializing in investor
relations, corporate communications and digital media, and The NASDAQ
OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company,
today announced they will host a U.S. IPO Summit on Wednesday, March 3,
2010, at the St. Regis Beijing.
The U.S. IPO Summit, an exclusive event for Chinese enterprises seeking
a U.S. listing, will educate China-based companies about best practices
in the U.S. capital markets with a focus on today's more active areas
of new issuance: healthcare, consumer, clean technology and education.
The Summit will bring together leading investment banking, legal and
accounting firms along with ICR's experts to provide potential new
issuers with best practice approaches to executing successful IPOs and
upgrades in the U.S. capital markets. In addition, the event will
provide companies with insight about industry-specific investor
sentiment and expectations for new issuance activity.
"In today's global economy there are more options than ever to start
and grow an international business. The U.S. IPO Summit is a great
opportunity for fast-growing Asian businesses to access the capital
markets expertise of a diverse and experienced group of Asia-focused
investment banks, law firms and accounting firms," said Chad Jacobs and
Tom Ryan, Co-CEOs of ICR. "Companies with operations in the
Asia-Pacific region have demonstrated fast-paced and sustainable
growth. Through this forum, we hope to educate pre-public and exchange
upgrade eligible companies on the U.S. listing process so they may
access the U.S. capital markets and obtain the proper investor base to
support future growth initiatives."
Bob McCooey, Senior Vice President of New Listings and Capital Markets,
NASDAQ OMX, stated, "We are excited to be partnering with ICR for this
exclusive and timely event. This conference will help companies in the
Asia-Pacific region to better understand the complexities and nuances
associated with the U.S. capital markets. We believe 2010 will be an
active year in the capital markets and investors have shown increasing
interest in companies from the Asia-Pacific region."
Investment banks will lead sector-specific panels on Healthcare,
Consumer, Clean Technology and Education focusing on:
-- Deal activity, recent valuations and expected new issuance activity in
each sector;
-- Valuation metrics to track and communicate to potential investors;
-- Recent investor feedback and concerns per sector;
-- Key growth drivers for issuers to provide; and
-- Developing trends and regulatory issues affecting each sector.
Team panels will educate attendees on broader featured topics, such as:
-- The investment banking process overview and expected capital markets
activity in 2010;
-- An evaluation of listing in the U.S. versus other markets;
-- Pre-IPO auditing process and timeline;
-- Board of director selection and executive and director compensation; and
-- Investor relations and financial communications pre- and post-IPO.
Regarding benefits companies will receive from the conference, Ashley
Ammon and Bill Zima, Co-Heads of ICR's Asia practice said, "Attendees
will have the chance to participate in panel discussions and one-on-one
meetings with select teams dedicated to serving the Asia-Pacific market
from leading investment banking, legal and accounting firms. In a
one-day period, attendees will gain a deep understanding of the IPO, or
're-IPO' process in the U.S. capital markets."
In 2009, 33 Chinese companies listed on the NASDAQ Stock Market, an
exchange of NASDAQ OMX, the most of any U.S. exchange during the past
year. A total of 124 Chinese companies now list on NASDAQ, including
102 from mainland China and 22 from Taiwan, Hong Kong and Macau. NASDAQ
OMX has offices in Beijing and Hong Kong.
Sponsors on sector-focused new issuance activity include HSBC, Piper
Jaffray and Jefferies & Co. The event will also feature key topics on
re-IPOs from sponsors such as Rodman & Renshaw and Loeb & Loeb, as well
as best practices in IPO-related services from BNY Mellon and Bowne.
Participation in the U.S. IPO Summit is by invitation only. Interested
parties or members of the media who would like to attend should contact
Wen Lei Zheng at 646-277-1215 or by email at wenlei.zheng@icrinc.com.
For more information on the conference, please visit our website at:
www.iposummit.com.
About ICR
ICR is a leading financial communications firm specializing in investor
relations, corporate communications and digital media. Established in
1998, ICR represents more than 200, primarily publicly-listed companies
and maintains offices in Westport, Conn., New York, Los Angeles, Boston
and Beijing. ICR is one of the industry's fastest growing consultancies
and is consistently listed among the nation's top independent
communications consulting firms. www.icrinc.com.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It
delivers trading, exchange technology and public company services
across six continents, with over 3,700 listed companies. NASDAQ OMX
offers multiple capital raising solutions to companies around the
globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ
OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The
company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of
over 70 exchanges, clearing organizations and central securities
depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ
OMX Baltic are not legal entities but describe the common offering from
NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland,
Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX,
visit http://www.nasdaqomx.com.
CONTACT: Ogilvy Public Relations Worldwide Beijing
Media contact:
Mr. Mikko Lan
+86 10 8520-6589
mikko.lan@ogilvy.com
ICR, Inc.
Media contact:
Mr. Brian M. Prenoveau, CFA
+1.203.682.8261
brian.prenoveau@icrinc.com
NASDAQ OMX Group
For event questions please contact:
Ms. Jacquelyn Orchard
+ 44.20.7065.8119
jacquelyn.orchard@nasdaqomx.com