NYSE shares up 23 percent on 1st trading day
March 8, 2006
NEW YORK (Reuters) – The New York Stock Exchange began life
as a public traded company on Wednesday with a bang, ending its
first day trading up 23 percent and valued at over $12.6
billion.
Shares in parent NYSE Group Inc. ended the day up 23.08
percent at $80, the Big Board’s No. 2 gainer for the day.
Its predecessor stock, Archipelago Holdings Inc., which
became NYSE after the exchange bought the all-electronic
trading system, closed on Tuesday at $64.25 on a consolidated
basis.
The NYSE ended a 213-year history as a member-owned club
when it went public on Wednesday.
Source: reuters