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NASDAQ Welcomes Carbonite to the NASDAQ Global Market
Click here to view pictures of Carbonite IPO opening at the NASDAQ Stock Market
NEW YORK, Aug 11, 2011 –(GlobeNewswire via COMTEX)– The NASDAQ OMX Group, Inc. announced today that the trading of Carbonite commenced on the NASDAQ Global Market on Thursday, August 11, 2011. Carbonite, a provider of online data backup solutions, is listed under the ticker symbol CARB.
“Carbonite provides affordable secure backup solutions that are essential to both individual customers and small to medium sized businesses,” said Bruce Aust, Executive Vice President, NASDAQ OMX Corporate Client Group. “NASDAQ is proud to welcome Carbonite to the NASDAQ Global Market and looks forward to their continued success in the future.”
Carbonite is a source of easy-to-use, affordable, unlimited and secure online backup solutions. With more than 1.1 million subscribers in over 100 countries, it is a leading provider of online backup solutions for both consumers and small to medium sized businesses. Carbonite’s online backup solution runs on both Windows and Mac platforms, providing its users with anytime, anywhere data access. The company has backed up more than 100 billion files, restored more than 7 billion files and currently backs up more than 200 million files each day.
Since its inception, NASDAQ has consistently been the exchange of choice for innovative and progressive information technology companies like Carbonite. In total, NASDAQ is home to 73% of all tech companies listed on US exchanges. With its listing, Carbonite joins some of the world’s largest and most reputable technology companies on The NASDAQ Stock Market, including Apple, Microsoft, Oracle, Google, Intel, Cisco, Ericsson, eBay, Baidu, Yahoo, Adobe, Dell and Yandex, which raised over $1.3 billion in proceeds and was the largest information technology IPO since Google in 2004.
About NASDAQ OMX
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The NASDAQ OMX Group, Inc.
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