Guidewire Software, a leading insurance technology company, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “GWRE” after its initial public offering in which it raised $115 million in gross proceeds. Marcus Ryu, Chief Executive Officer and Co-Founder, joined by members of Guidewire’s management team, celebrated the company’s first day of trading on the NYSE by ringing The Opening BellSM. Guidewire is the first technology IPO to list on the NYSE this year.
“On behalf of my colleagues, I am extremely proud that Guidewire has achieved the milestone of listing on the NYSE,” said Marcus Ryu, CEO of Guidewire. “The capital and visibility it provides will accelerate our pursuit of the same mission we have had since our founding: enabling a critically important global industry to retire its legacy core systems and transform its operations. I appreciate the enormous trust our customers have placed in to get this point and pledge that we will continue to prove that trust is well-placed."
“We are thrilled to welcome Guidewire Software, the first technology IPO of 2012, to our community of innovative companies,” said Scott R. Cutler, EVP and Co-Head of U.S. Listings and Cash Equities, NYSE Euronext. “Guidewire is at the forefront of transforming the insurance industry’s business processes with its cutting-edge software solutions. We congratulate Guidewire on its IPO and look forward to a long-standing partnership with the company and its shareholders.”
Caption:
Guidewire Software CEO and Co-Founder Marcus Ryu, joined by members of the company’s management team, rings the NYSE Opening Bell to celebrate Guidewire’s IPO and first day of trading on the NYSE.
Guidewire Software CEO and Co-Founder Marcus Ryu, joined by members of the company’s management team, rings the NYSE Opening Bell to celebrate Guidewire’s IPO and first day of trading on the NYSE.
Caption:
Guidewire Software banner adorns the NYSE façade to mark the company’s initial public offering on the NYSE.
In 2011 NYSE Euronext (NYX) raised more proceeds from Initial Public Offerings (IPOs) than any other global exchange group, with $33 billion in total global proceeds raised from 104 IPOs. In the U.S., for the fifth consecutive year, NYSE Euronext led the market for IPOs and total proceeds raised with 89 IPOs.
Guidewire Software banner adorns the NYSE façade to mark the company’s initial public offering on the NYSE.
In 2011 NYSE Euronext (NYX) raised more proceeds from Initial Public Offerings (IPOs) than any other global exchange group, with $33 billion in total global proceeds raised from 104 IPOs. In the U.S., for the fifth consecutive year, NYSE Euronext led the market for IPOs and total proceeds raised with 89 IPOs.