Equity market round-up: The month in numbers
7 the average percentage return of US IPOs one month after listing so far this year.
10 the average percentage return of US IPOs one month after listing in 2007.
83 the percentage increase in the share price of Visa since its IPO in March this year. It is the best-performing US IPO so far this year.
30 the percentage by which Euronext has cut fees for high-frequency traders. The reduction, which will come into effect from July 1 2008, will enable eligible clients to increase their order flow in Euronext stocks while being charged for the first partial order execution only, rather than being charged for each partial execution linked to the same order. In addition, Euronext’s existing order-to-trade ratio will be expanded from 10:1 to 30:1, allowing eligible clients to increase significantly their order flow capacity without incurring a transaction fee. Who says exchange competition isn’t working?