Listing of Starwood Property Trust and Emdeon Underscore NYSE's Leadership in IPOs

By: Ray Pellecchia

File Under: Listed Companies

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A banner day for initial public offerings on New York Stock Exchange today, as mentioned earlier. Here are some facts from today's press releases about the two IPOs, to offer some perspective. First, about Starwood Property Trust, Inc.:

Starwood Property Trust, Inc., headquartered in Greenwich, Conn., opened for trading today on the New York Stock Exchange under the ticker symbol “STWD” after its successful initial public offering in which it raised $810 million in gross proceeds. Starwood Property Trust, Inc. is the fifth domestic Real Estate Investment Trust IPO and largest REIT IPO to list on the NYSE in 2009. ...

Starwood Property Trust is the fifth REIT IPO to list on the NYSE this year, joining the following: PennyMac Mortgage Investment Trust (NYSE: PMT), which raised $320 million in proceeds; Invesco Mortgage Capital, Inc. (NYSE: IVR), which raised $170 million in proceeds; Cypress Sharpridge Investments, Inc. (NYSE: CYS), which raised $100 million in proceeds; Government Properties Income Trust (NYSE: GOV), which raised $200 million in proceeds. Total dollar amount raised by REIT IPOs going public on the NYSE this year exceeds $1.6 billion.

And here's more about Emdeon Inc.:

Emdeon Inc., a leading provider of revenue and payment cycle management solutions in the U.S. healthcare system, opened for trading today on the New York Stock Exchange under the ticker symbol “EM” after its successful initial public offering in which it raised $367 million in gross proceeds. Headquartered in Nashville, Tenn., Emdeon is the 13th IPO by an operating company, including non-U.S. companies, and the 10th U.S. domestic IPO to list on the New York Stock Exchange this year. ...

... Emdeon is the 10th U.S. initial public offering to begin trading on the New York Stock Exchange this year among a roster of leading companies that have chosen to go public on the NYSE: Mead Johnson Nutrition Company (NYSE: MJN), which raised $828 million in proceeds; Rosetta Stone (NYSE: RST), which raised $129 million in proceeds; Bridgepoint Education (NYSE: BPI), which raised $163 million in proceeds; DigitalGlobe (NYSE: DGI), which raised $279.3 million in proceeds, and SolarWinds, Inc. (NYSE: SWI) which raised $151.5 million.