RiskMetrics raises $245m in IPO
25 January 2008 | 1725 views | 0
RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial community, opened for trading today on the New York Stock Exchange under the ticker symbol "RMG" after its successful IPO in which it raised $245 million.
"We are pleased to welcome RiskMetrics Group to our rapidly growing family of NYSE-listed companies," said NYSE Euronext President and Co-Chief Operating Officer Catherine R. Kinney. "We look forward to providing RiskMetrics with the superior market quality, liquidity and brand visibility associated with listing on NYSE Euronext markets."
"RiskMetrics Group is proud to be among many industry leaders listed on the New York Stock Exchange," said David Obstler, CFO of RiskMetrics Group. "This is a major milestone for our company that could not have been achieved without the loyal support of our clients and the significant contributions of our almost 1,000 global employees."
More than 200 of those RiskMetrics Group employees will ring The Opening Bell(R) in front of the New York Stock Exchange on Tues., January 29 to celebrate this occasion.