NASDAQ Welcomes Carbonite to the NASDAQ Global Market

I don’t follow the stock market very often but I did take notice that today is the first day for Carbonite to start trading on the NASDAQ. They trade under the ticker symbol CARB. Following the news lately I know that the stock markets have been unsettled so it is nice to see Carbonite going ahead with their IPO despite the latest uncertainty. A great sign that the online backup industry is growing and will be here for a long time.

 

The complete news release is included below for your information.

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NASDAQ Welcomes Carbonite to the NASDAQ Global Market
NEW YORK, Aug. 11, 2011 (GLOBE NEWSWIRE) — The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that the trading of Carbonite (Nasdaq:CARB) 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 NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/1081…) and Twitter (http://www.twitter.com/nasdaqomx).

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.

NDAQG

CONTACT: Jennifer Knapp
+1 212 401 8916
[email protected]


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