NYSE Group Inc welcomed Under Armour Inc a Nasdaq transfer and a global leader in performance apparel, to the world's leading equity market.
Under Armour Inc a leading developer, marketer and distributor of branded performance apparel, footwear and accessories, is a technological innovator in its field. The company was the second best performing 2005 U.S. domestic IPO, based on price performance, and its shares have risen 100% since its first day of trading as a public company.
“We are pleased to welcome Under Armour Inc to our family of listed companies,” said NYSE Group Inc CEO John A. Thain. “Under Armour is one of the fastest growing brands in the world and a market leader in performance apparel, just the type of brand that thrives on the NYSE.
We look forward to an outstanding partnership with the company and to providing them with the superior market quality, information services and unsurpassed brand visibility that issuers from around the world have come to expect from listing on the New York Stock Exchange.”
“We are excited about our new relationship with the New York Stock Exchange,” said Kevin A. Plank, Chairman & CEO of Under Armour Inc.
“As our brand and our business become more global every day, raising Under Armour's visibility in the global financial markets becomes increasingly more important. We are proud of the performance we've delivered to shareholders and view this move as an important milestone in the evolution of our company.”
Under Armour Inc marks the 12th transfer from Nasdaq to the NYSE Group year-to-date. Since 2000, 147 companies have transferred to the NYSE Group from Nasdaq.
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