Silgan Holdings Inc. made headlines on the New York Stock Exchange (NYSE) from the S&P 500. The company announced that it is transferring the listing of its common stock from the Nasdaq Global Select Market (Nasdaq) to the New York Stock Exchange (NYSE). The Nyse is home to many leading companies, including 70% of the S&P 500.
The multinational also announced that it will begin trading its common stock on August 1, 2022 on the New York Stock Exchange. The remaining shares were listed on Nasdaq until the transfer is fully completed. The transfer is expected to be successful for investors and shareholders, and does not require any action on their part. Silgan also rang the bell, its first day with trading, on August 1, 2022 on the New York Stock Exchange.
“We are pleased to join the NYSE, one of the world’s most prestigious trading platforms and the world’s largest stock exchange. This year marks the 25th anniversary of our initial public offering and listing on Nasdaq, and we are grateful to Nasdaq for all of its support during that period.”said Adam J. Greenlee, president and CEO.
In this regard Greenlee added that “we have evolved from a start-up to a mature and diversified sustainable rigid packaging manufacturing company, and we believe this move complements our company well and, more importantly, we will join our many NYSE-listed peer group companies. We look forward to taking full advantage of the NYSE platform that combines world-class technology with human oversight.”said the president and CEO.
“We are very excited and grateful that Silgan, ranked world-class, is joining us in the community of icons that border on equity,” as this means that “we will likely be working with them for years to come.” he concluded.
