NEW YORK, Oct 15, 2007 (PrimeNewswire via COMTEX News Network) -- The Nasdaq Stock Market, Inc. ("NASDAQ(r)"); (Nasdaq:NDAQ) announced today that Robert H. McCooey, Jr. will lead New Listings and IPOs for NASDAQ, while continuing in his role as head of NASDAQ's Capital Markets Group.
In this expanded role, McCooey is responsible for managing NASDAQ's efforts to attract U.S. listings, including initial public offerings (IPOs) and switches from other exchanges. Additionally, he will continue to manage NASDAQ's efforts to engage private equity firms, investment banks, and institutional investors on key NASDAQ issues, initiatives and services including capital raising options and exchange listings.
"Running the Capital Markets Group has given me the opportunity to work closely with our New Listings team and to develop a comprehensive understanding of that piece of our business," said McCooey. "I am looking forward to integrating my new role with my old to better serve NASDAQ issuers through these two closely coordinated communities."
McCooey will report to Bruce Aust, Executive Vice President of the Corporate Client Group. He succeeds William O'Brien who departed from the New Listings Group in August.
NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ's strategic initiatives. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ's control. These factors include, but are not limited to factors detailed in NASDAQ's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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SOURCE: The Nasdaq Stock Market, Inc.
NASDAQ Media Contacts: Bethany Sherman 212.401.8714
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