China Nepstar Chain Drugstore Ltd., the largest retail drugstore chain in China based on the number of directly operated stores, today opened for trading on the New York Stock Exchange under the ticker symbol “NPD” after its successful IPO in which it raised $334 million."China Nepstar Chain Drugstore Ltd. is a welcome addition to our fast-growing family of Chinese listed companies," said NYSE Euronext CEO John A. Thain. "NYSE Euronext looks forward to providing China Nepstar Chain Drugstore Ltd. and its shareholders with the superior services, market quality and brand visibility provided by listing on NYSE Euronext markets."
To celebrate today’s special occasion, China Nepstar Chain Drugstore Ltd. Chairman Simin Zhang rang today’s opening bell, joined by Nepstar CEO Jiannong Qian, Nepstar CFO Andrew Weiwen Chen, and NYSE Euronext CEO John A. Thain.
Background on NYSE Euronext-China:
China Nepstar Chain Drugstore Ltd. is the first Chinese Mainland pharmaceutical retailer to be listed on the Exchange.
The NYSE now has 47 companies listed from the Greater China Region, including 35 from Mainland China , 7 from Hong Kong , and 5 from Taiwan .
Year to date, the NYSE listed 16 companies from Greater China. The listing of China Nepstar Chain Drugstore Ltd. represents the 15th NYSE listing from Mainland China in 2007 to date.
The total global market capitalization of the 35 NYSE-listed Chinese companies from the mainland is $1.1 Trillion, and for the 47 companies from greater China , $1.6 Trillion.
China Nepstar Chain Drugstore Ltd. (NYSE: NPD)
China Nepstar chain drugstore is the largest retail drugstore chain in China based on the number of directly operated stores. As of September 30, 2007 , its store network was comprised of 1791 directly operated drugstores located in 62 cities in China .
Nepstar provides customers with high quality professional and convenient pharmacy services and a wide variety of other merchandise. Nepstar also offers products under its own brand names.
Nepstar stores are generally located in well-established residential communities and prime retail locations in major cities in China 's coastal and adjoining provinces. Nepstar has established leading market positions in a number of the most developed cities in China , including Shenzhen, Guangzhou , Dalian , Hangzhou , Ningbo , Suzhou and Kunming .
About NYSE Euronext (NYSE: NYX)
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
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