NYSE shares up 23 percent on 1st trading day
Posted on: Wednesday, 8 March 2006, 16:09 CST
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
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