May 24, 2010 (FinancialWire) — The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) said that the trading of TeleNav, Inc. commenced May 13 on The NASDAQ Stock Market. TeleNav trades under the ticker symbol (NASDAQ: TNAV).

The 203 NASDAQ-listed companies based in Silicon Valley represent approximately 7% of all NASDAQ companies, and there are currently 28 NASDAQ-100 Index companies headquartered in the area. Between 2009 and 2010 YTD, NASDAQ has captured 20 technology IPOs — five times the number of technology IPOs listed on the NYSE during the same period.

TeleNav, Inc. is a provider of location based services, or LBS, including voice guided navigation, on mobile phones. The NASDAQ OMX Group delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies.

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