Daily Archives: July 2, 2018

NRT Accelerates Growth through Acquisition of Casino ATM Portfolio

Acquisition includes 1,500 high-volume casino ATMs and self-service devices which dispense over $5 billion annually across nearly 200 gaming properties in the United States. As a result of the acquisition, NRT now operates over 31,000 ATM devices which process more than 300 million transactions and dispense more than $20 billion annually.

LAS VEGAS, July 02, 2018 (GLOBE NEWSWIRE) — NRT Technologies Inc. (“NRT”), has acquired the gaming ATM assets of U.S. Bank National Association (“USB”). Fifth Third Bank acted as NRT’s lead arranger of a bank syndicate that includes Capital One, CIBC, and Umpqua Bank, for financing of the transaction. Terms of the agreement are not disclosed.

NRT is a global technology leader of next generation payment systems, specialized financial/marketing self-serve kiosks, and digital and mobile experiences for the gaming industry. Through this acquisition, NRT now supports ATM processing on ATM’s and TITO Redemption Units (“TRU’s”) across nearly 300 gaming properties in the United States. NRT is now the largest ATM processor in the North America casino market, providing mission critical services to more than 750 gaming clients, including the top 25 largest global gaming operators.

In partnership with Diebold Nixdorf, NRT will be making important upgrades to the acquired ATM fleet with new state-of-the-art ATMs that will not only support traditional ATM and cash advance functions, but also provide mobile engagement through Sightline Play+ and card-less ATM features. NRT and Diebold Nixdorf have an existing partnership with the world’s largest mobility provider, Kony Inc., which will enable a unified and highly personalized mobile guest experience across NRT’s growing portfolio of gaming ATM and TRU devices.

As part of the transaction, NRT has secured an expanded vault cash facility ensuring high cash availability to meet the rigorous cash withdrawal demands of NRT’s gaming operator customers.

“Acquiring this ATM portfolio fits within our strategy of leading in both the cash and cashless payment verticals for casinos,” said John Dominelli, NRT Founder and President. “As part of this transaction, we are pleased to welcome key members of the U.S. Bank team to the NRT family. The acquisition will provide a significant boost to NRT’s transaction volume while simultaneously moving NRT into a leadership position in offering advanced, non-traditional financial services through our next generation self-service ATMs and kiosks.”

“NRT’s payment switch technology, commitment to customer service and exciting product roadmap made it a great fit for assuming this portfolio of ATMs,” said Paul Nielsen, Vice President and Managing Director of Gaming Services for U.S. Bank. “We have full confidence that NRT will continue to provide the high level of customer service and dedication that our clients have come to expect from U.S. Bank.”

“NRT and Sightline are uniquely positioned to dramatically expand the use of mobile engagement with Play+ and innovative cash access transactions,” said Kirk Sanford, Sightline Payments’ Founder and CEO. “This acquisition not only expands our cash access business, but it also enhances our ability to realize on NRT and Sightline’s vision for revolutionizing the way gaming operators interact with their guests.”

“NRT and Sightline are doing really exciting things around casino guest experiences and it is imperative they have a partner like Diebold Nixdorf that can evolve with them and provide flexibility and innovation to assist them in delivering the best customer experience,” said Bruce Pierce, Vice President and General Manager Canada at Diebold Nixdorf. “Our partnership will demonstrate the expanded connected commerce capabilities and enhance the ATM experience for all casino guests.”

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE:DBD), is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape. Diebold Nixdorf has a presence in more than 130 countries with approximately 23,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Visit www.DieboldNixdorf.com for more information.

About NRT & Sightline

On closing of the pending merger between NRT and Sightline (subject to regulatory approval), NRT Sightline will be the global leader in the design and development of enterprise platforms for the gaming industry, including current and next generation payment systems, specialized self-serve financial/marketing kiosks, big data analytics utilizing artificial intelligence and gamification, credit marker information services, and digital and mobile experiences. Through our global family of companies, we enable more than 1 billion physical and digital commerce experiences at over 750 casino properties worldwide, including the top 25 largest casino corporations.  By seamlessly combining technological innovation with strategic partnerships, our companies create the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. NRT and Sightline have been recognized with numerous industry awards, including the coveted “Most Innovative Gaming Technology Product of the Year” for our Play+™ cloud-based cashless funding platform. Our collective solutions are used by casinos, lotteries, race and sports, banking & retailers around the world.

For further information about this acquisition, please contact: Michael Dominelli, NRT’s SVP Marketing at mdominelli@nrttech.com

For more information about Sightline or its pending merger with NRT, please contact: Omer Sattar, Sightline’s EVP Strategic Relationships at osattar@sightlinepayments.com

Fluidra and Zodiac close merger, creating a global leader in the pool industry

  • The new Fluidra will be a global leader with 5,500 employees, a portfolio of the most widely recognized brands in the industry and a presence in over 45 countries.
  • The combined company will have sales of approximately €1.3 billion and EBITDA of €0.2 billion; additionally, the company has identified €35 million of run-rate cost synergies, fully achievable by 2020.
  • Fluidra will remain listed on the Spanish stock exchange with its global headquarters in Sabadell (Barcelona), Spain and North American headquarters in Vista (San Diego), California.

BARCELONA, Spain, July 02, 2018 (GLOBE NEWSWIRE) — Fluidra, S.A. (BME:FDR) and Zodiac Pool Solutions (“Zodiac”) have closed their merger, which was announced in November 2017.

The combined company will keep the Fluidra name and remain listed on the Spanish stock exchange.

The company is well positioned for growth, driven by its enhanced portfolio of highly recognized brands, broad product offering and expansive global footprint covering over 45 countries.

The new Fluidra will have combined sales and EBITDA of approximately €1.3 billion and €0.2 billion, respectively. Additionally, the company has identified €35 million of run rate cost synergies, which it expects to be fully achievable by 2020.

Fluidra will maintain its global headquarters in Sabadell (Barcelona), Spain and North American headquarters in Vista (San Diego), California. Former Fluidra Executive President Eloi Planes will serve as Executive Chairman of its Board of Directors, and former Zodiac CEO Bruce Brooks will serve as the company’s CEO.

As part of the European Commission approval of the transaction, Fluidra will divest its Aquatron unit. Aquatron, an Israeli manufacturer specializing in robotic pool cleaners with distribution primarily in Europe, represents approximately 2% of the combined company’s sales and EBITDA. This divestiture does not change the strategic logic of the merger, and Fluidra will maintain a strong global presence across the automatic pool cleaning category, which includes pressure, suction and robotic pool cleaners.

“The successful completion of our merger with Zodiac positions us as a leader in the global pool industry. Together, we have the most widely recognized brands, a broad portfolio of innovative products and solutions, and a strong financial position to create significant value for all stakeholders: our customers, shareholders and employees,” said Planes. “Our future is very bright.”

“I am looking forward to working with our team to create an organization that stands apart from the pack,” said Brooks. “We will be guided by clear values, focused on exceeding our customers’ needs and driven to solve challenges through useful innovation — all in an effort to be the clear industry leader.”

About Fluidra
Fluidra is a multinational, Spanish-listed company focused on developing innovative products, services and IoT solutions for the residential and commerical pool markets, globally. The company operates in over 45 countries and owns a portfolio of some of the industry’s most recognized and trusted brands, including Jandy®, AstralPool®, Polaris®, Cepex®, Zodiac®, CTX Professional® and Gre®. To learn more about Fluidra, visit fluidra.com.

Media contacts:

For Europe, Australia,                      Inés Solà
Asia, Latin America                          isola@atrevia.com
and Africa                                          +34 606 79 13 12

For US/Canada                                 Julie Wright
                                                           jwright@wrightoncomm.com
                                                           +1 760 419 4664

Nasdaq Welcomes 151 New Listings in First Half of 2018

U.S. exchange leads in total IPOs for the 18th consecutive quarter, raising a total of $15 billion

NEW YORK, July 02, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a total of 151 new listings in the first six months of 2018 – including 93 initial public offerings (IPOs), raising a total of approximately $15 billion in the U.S. market. With a 69 percent win rate, Nasdaq has extended its IPO leadership to 18 consecutive quarters in the U.S.

Nasdaq: Media Snippet

Companies from a diverse range of industries and countries have successfully executed their IPOs on Nasdaq this year. Of the top ten tech IPOs (by capital raise) in 2018 so far, seven listed with Nasdaq; they are: iQIYI, GreenSky, Dropbox, DocuSign, Bilibili, Pluralsight and Uxin. Driven by the biotechnology and pharmaceutical sectors, healthcare listings momentum continued to build, as Nasdaq saw 39 healthcare IPOs that raised $3.4 billion in the first half of the year.

Following its strong 2017 for exchange transfers, Nasdaq welcomed a total of 6 switches in the first half of 2018 from the New York Stock Exchange (NYSE), with a combined market value of approximately $34.3 billion. The total market value of all companies joining Nasdaq from NYSE since 2005 has exceeded $1.2 trillion.

“We saw a strong pipeline across all sectors in the first half of 2018 and welcomed an incredible number of high-performing IPOs joining Nasdaq,” said Nelson Griggs, President, Nasdaq Stock Exchange. “Low interest rates and strong macroeconomic drivers created investor receptivity that encouraged companies to tap the public market. We expect to see continued momentum in the second half of the year and look forward to supporting our customers throughout their journeys and lives as public companies.”

1H 2018 NASDAQ U.S. LISTING HIGHLIGHTS

  • U.S. listings market leadership: 151 new listings, including 93 IPOs raising $15 billion. The number of IPOs represents a 69 percent increase over the same period last year. For the first six months of 2018, IPOs on Nasdaq raised more than twice the amount in proceeds compared to the same period in 2017.
  • Leading U.S. exchange for technology, healthcare, financials and VC-backed IPOs: Nasdaq maintained its strong track record in technology and VC-backed listings, with win rates of 68 percent and 87 percent, respectively. Win rates of healthcare and financials are 95 percent and 72 percent, respectively.
  • Continued momentum in listing transfers: Nasdaq welcomed 6 switches from NYSE in the first half of 2018, representing a combined $34.3 billion in market value.
 
2018 Total New Listings* 151
Initial Public Offerings 93
Other Listings 35
ETPs (including ETP transfers) 17
Company Transfers to Nasdaq from Competing Exchanges** 6

*Data source: Nasdaq
**Includes all transfers announced and started trading on January 2nd, 2018

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. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq 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.

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion.  To learn more, visit: http://business.nasdaq.com

Media Relations Contact:

StackPath Launches Next Generation of Platform and Services

Announces New Network, Customer Portal, Services and More to Push the Cloud’s Edge Further

DALLAS, July 02, 2018 (GLOBE NEWSWIRE) — To transform internet security and the cloud’s edge, StackPath, the world’s only secure edge platform, today unveiled multiple launches, updates, and upgrades. This includes:

  • a new network of highly-scalable, advanced edge Points of Presence (PoPs)
  • new secure edge services
  • a new customer portal with self-service signup and simplified service setup and management
  • a new platform model and pricing
  • new branding and corporate web site

“Our founding mission is to make the Internet safe. The cloud’s edge is the strategic location for doing just that, but it’s been overlooked and under-developed. It has to evolve,” said Lance Crosby, StackPath co-founder and CEO. “That’s why I’m proud to unveil StackPath 2.0. It’s more than just the next generation of our platform and services. It brings, for the first time, cloud-scale and design all the way to the edge, transforming this critical dimension of the internet.”

Since its founding in late 2015, StackPath has acquired six companies with key security and edge-centric technologies. StackPath 2.0 marks the integration and advancement of these technologies into a unified, frictionless platform that delivers multiple, inherently-secured edge services, including edge delivery (for CDN, API acceleration, file distribution, media streaming, and more), a web application firewall, managed DNS, website monitoring, and DDoS mitigation. The design and implementation of the new platform also paves the way for StackPath to enable customers to use its services and technologies to build their own innovative edge services and solutions.

“StackPath is building for the future in a sector that is undergoing significant change,” said Philbert Shih, research analyst and managing director at Structure Research. “There are many CDNs and traditional infrastructure service providers that were built in a way and at a time when things like scalability and extensibility were less of a factor. Today, it is crucial to build a platform in a way that is easy to upgrade, scalable and allows new products to be built on top. The openness and flexibility to partner with third parties is a big part of the overall value proposition as well. This is the direction StackPath is moving in as it looks to build a unified secure cloud infrastructure services delivery platform.”

New Network
The new StackPath network was built from the ground up using cloud design principles that until now have not been used by edge service providers. These include extensive automation, virtualization capabilities, and industry-leading computing, storage, and networking configurations. Moreover, each StackPath network point of presence features multiple connections with tier-1 network carriers , premium peering, and a full infrastructure deployment—as opposed to other providers’ PoPs that might be just a single collocated server. The result is a global platform that is more secure, performant, scalable, and reliable, capable of delivering every secure edge service from every location and providing rapid deployment of future services.

Key details include:

  • 40 Tbps of global bandwidth on a single platform, with additional planned by end of year
  • 45 advanced secure edge PoPs in prime locations, with aggressive expansion scheduled
  • full hardware acceleration capabilities deployed in every node

“We’ve focused on scaling the technologies that came from each acquisition and deploying them in a virtualized, flexible manner. When you look at other edge platforms, they’re a Frankenstein of old, single-service architectures,” said Wen Temitim, StackPath CTO. “We insisted on creating an architecture that supports all of our services and technologies in a single platform that is extensible for all of the services we have in the works. It’s the only way to deliver a better experience for our more than one million customers already on the platform, and establish the scalability needed to meet the threats of tomorrow.”

New Secure Edge Services
Available today, StackPath has released new and expanded versions of the company’s secure edge services, as well as new services the company has not previously offered. These include:

  • New Content Delivery Network (CDN)
    The new StackPath CDN consolidates the powerful features and performance of Highwinds’ enterprise-grade CDN; the speed, flexibility, and self-service features of MaxCDN and StackPath SecureCDN; and the built-in security features of SecureCDN such as platform-level DDoS protection and integrated WAF. While integrating the services, the delivery technology was further engineered to make it even more adaptable for developers’ wide and growing range of delivery needs beyond CDN, including API delivery, file/firmware distribution, and video delivery.
  • New Web Application Firewall (WAF)
    The industry-leading StackPath WAF has been updated with even more advanced functionality, including a custom rules engine that allows WAF administrators to create and manage their own traffic management rules. In addition, for the first time, customers can use StackPath WAF with infrastructure and applications running outside of the company’s platform, providing StackPath protection for third -party services.
  • Managed DNS
    StackPath now provides global, managed DNS for secure, fast, and reliable domain name resolution from the edge. Engineered in-house, StackPath DNS leverages the same global, geographically-distributed Anycast network as other StackPath services, running within the company’s new advanced infrastructure network. As with all StackPath services, the DNS service is easy to set up and configure, and inherently secure.
  • Monitoring
    StackPath introduces a new monitoring service built on industry-leading technologies created by Server Density (Server Density joined StackPath in June of this year). At launch, the new service provides exceptional website monitoring to help customers maintain the best performance and end-user experiences, with the ability to choose one or many monitoring locations to finetune create customized monitoring maps. The service will grow to monitor additional endpoint types and include even more features as Server Density technologies are completely integrated into the StackPath platform in the coming weeks.

New Customer Portal
StackPath has launched an all new customer portal that supports the cloud scale and speed of the new infrastructure network and makes it easier than ever for customers to manage StackPath accounts and services. It features intuitive, streamlined workflows that make setup and management simple, and for services to be configured and running immediately. Perhaps most important, the new portal is built on a modular application framework and fully leverages StackPath platform and service API, abstracting the web app from the services it manages. This architecture will significantly accelerate the time to market of future StackPath services and features.

“It doesn’t matter whether you are talking about services in the middle of the cloud or at the edge—developers demand control and they expect it to be fast and well-documented,” said Ben Gabler, StackPath VP of Product Engineering. “That’s why we built everything in our platform API first. We have built the customer portal around the same customer-facing API to surface all that functionality in the simplest, easiest-to-use user interface imaginable.”

New  Platform Model and Pricing
A key dimension of the new StackPath platform and customer portal is “stacks,” a new way to deploy and manage StackPath services. A stack is a collection of one or more StackPath services, configured specifically for that stack’s use case, such as content delivery, API distribution, or even standalone WAF.

Simple workflows walk customers through creating and deploying their stacks. Services can be added to or removed from a stack at any time, or further customized, as needs change. Customers are able to build their own stack from the ground up, selecting and configuring their individual services. Or they can use a stack template, preconfigured to deploy multiple services, based on common use cases and best-practices security and performance configurations.

StackPath CDN, WAF, Managed DNS, and Monitoring are individually priced at $10/month, each with a generous level of included monthly consumption. At launch, three stack templates preconfigured for Edge Delivery are available, each including CDN, DNS, WAF, and Monitoring with bundled pricing starting at only $20/month. More stack templates will be introduced in the coming weeks.

All packages are available month-to-month and with cost-effective rates for additional consumption, with the first month of a single-service package or the $20/month Edge Delivery package free for new accounts. Customers that need StackPath services at significantly higher volumes than included in any of these packages are encouraged to contact StackPath sales for a custom quote.

MaxCDN, Highwinds, and StackPath SecureCDN Transitions
The StackPath platform now meets and exceeds the performance and capabilities of the legacy MaxCDN, Highwinds, and StackPath SecureCDN platforms and services. Starting today, new StackPath accounts will only be onboarded to the new platform. Existing MaxCDN, Highwinds, and SecureCDN customers’ services, pricing, and customer portals are unchanged; existing customers may continue using and accessing their services as before. Existing Highwinds accounts may add and access the new platform capabilities with their existing accounts (new services and functionality are available through the new customer portal). At a later date a seamless migration path will be provided for legacy MaxCDN and SecureCDN accounts, but customers are welcome and invited to try the new platform at any time.

“Today is the biggest single milestone for any company I’ve ever been a part of. It’s the result of countless hours of strategy, development, and execution from every StackPath department and team,” said Crosby. “I’m not exaggerating when I say that this is not just a milestone for our company. We won’t stop short of transforming the industry’s definition of the edge.”

To learn more about all of today’s announcements and see details on the new products and pricing, visit www.stackpath.com.

StackPath®
Protect your edge.™

StackPath is a platform of secure edge services that enables developers to protect, accelerate, and innovate cloud properties ranging from websites to media delivery and IoT services. With an innovative global edge network infrastructure, StackPath delivers enterprise-grade security and performance in a frictionless, on-demand platform with cloud-scale control and flexibility. More than one million customers, including early-stage and Fortune 100 companies, use StackPath services. StackPath is headquartered in Dallas and has offices across the U.S. and around the world. For more information, visit stackpath.com and follow StackPath at www.fb.com/stackpathllc and www.twitter.com/stackpath

For more information, media and analysts may contact:
Susie McDonald
StackPath
VP, Corporate Communications
susan.mcdonald@stackpath.com
503-806-3841

Bill Lessard
PRwithBrains for StackPath
wlessard@prwithbrains.com
914-476-6089

National Stock Exchange of India (NSE) Signs Post-Trade Technology and Strategic Partnership Agreement with Nasdaq

  • NSE to leverage Nasdaq’s clearing, risk management and settlement technology for post-trade capabilities
  • Partnership agreement will allow exploration of mutual business opportunities, innovative solutions and provide Nasdaq access to NSEIT’s technology capabilities

MUMBAI, India and STOCKHOLM, Sweden, July 02, 2018 (GLOBE NEWSWIRE) — The National Stock Exchange of India (NSE) and Nasdaq have officially signed an agreement for Nasdaq to deliver a customized real-time clearing, risk management and settlement technology to one of the world’s largest stock exchanges. In addition to the post-trade agreement, Nasdaq has also signed an agreement with NSEIT to utilize NSEIT’s capability in implementations and project augmentation globally. Further, the two exchanges signed a Memorandum of Understanding (MOU) to explore business opportunities across listings, corporate and market services and data and innovations in products, processes and technology.

The new post-trade technology will replace NSE’s current clearing and settlement system operated by the National Securities Clearing Corporation Limited (NSCCL), a wholly owned subsidiary of NSE. The technology will provide a state-of-the-art architecture utilizing the Nasdaq Financial Framework, which will enable all asset classes to be cleared and settled in one system. These changes will increase efficiency, effectiveness of the market, supported by a modern, flexible and efficient technology that reduces risks in the post-trade area alongside international best practices and standards.

“The continuously evolving market needs for products and effective risk management, require us to continue to evolve our delivery models,” said Vikram Limaye, Managing Director and Chief Executive Officer, NSE. “NSE has always been a leader in technology solutions. NSCCL’s tie-up with Nasdaq will provide us the right platform and technology backbone to effectively synergize post–trade delivery capabilities. The adoption of this new technology platform customized for our needs will also allow NSCCL to stay nimble and manage the evolving ecosystem far more efficiently. Further, I am confident that the broad based strategic partnership agreement with Nasdaq will take the relationship between the two exchange groups to the next level and would benefit capital markets in both the countries.”

“This new partnership with NSE marks a major milestone for Nasdaq in providing a suite of real-time post-trade technologies to one of the largest clearing houses in the world,” said Adena Friedman, President and CEO, Nasdaq. “We will use this new partnership to bring Nasdaq’s premium market technology, the Nasdaq Financial Framework, to the Indian capital market and to explore new opportunities for collaboration across each other’s businesses. Additionally, we look forward to our partnership with NSEIT to work together to expand our technology delivery capabilities.”

Nasdaq’s market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance systems, are operated in more than 100 marketplaces, regulators, clearinghouses and central securities depositories across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.

NSE’s trading, clearing and surveillance systems have been in-house developed and have provided best in class systems for the Indian market in line with global standards. NSE is committed to continuing to invest in best in class, innovative technology solutions for the Indian capital markets.

About National Stock Exchange of India Limited (NSE):

The National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the third largest in the world by number of trades in equity shares in 2017, according to World Federation of Exchanges (WFE) report. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.

For more information, please visit: www.nseindia.com

Disclaimer: National Stock Exchange of India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offer of its equity shares and has filed a draft red herring prospectus dated December 28, 2016 (“DRHP”) with Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI as well as on website of the Managers, Citigroup Global Markets India Private Limited at http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, JM Financial Institutional Securities Limited at www.jmfl.com, Kotak Mahindra Capital Company Limited at http://www.investmentbank.kotak.com, Morgan Stanley India Company Private Limited at http://www.morganstanley.com/about-us/global-offices/india/, HDFC Bank Limited at www.hdfcbank.com, ICICI Securities Limited at www.icicisecurities.com, IDFC Bank Limited at www.idfcbank.com and IIFL Holdings Limited at www.iiflcap.com. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” beginning on page 19 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit http://business.nasdaq.com.

For any media inquiries or clarifications please contact:

NSE
Debojyoti Chatterjee
Head, Corporate Communication
Mobile: +91 9833368337
Email id: cc@nse.co.in / dchatterjee@nse.co.in

NSE
Kumar Kartikey
Senior Manager
Corporate Communication
Mobile: 98195 49984
Email id: kumark@nse.co.in

Nasdaq
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile:  +44 (0) 7809 596 390