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Silgan Holdings Inc. Completes Listing Transfer to the New York Stock Exchange
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE: ICE), announced that Silgan Holdings Inc. (NYSE: SLGN) has officially transferred its listing and commenced trading today. This transition allows Silgan to utilize NYSE's advanced market model and vast network of 2,400 leading companies, enhancing its visibility and investor relations. Adam J. Greenlee, Silgan's CEO, expressed excitement over joining NYSE, while John Tuttle, Vice Chair of NYSE Group, welcomed Silgan to its community. Since 2000, nearly 300 companies have switched to NYSE, representing over $1 trillion in market value.
Positive
Silgan's transfer to NYSE enhances its visibility and access to a vast network of 2,400 leading companies.
Membership in NYSE provides Silgan with advanced technology and accountability in trading.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced that Silgan Holdings Inc. (NYSE: SLGN) completed its listing transfer and begins trading today as an NYSE-listed company.
Silgan will now be able to leverage all of the advantages of membership in the NYSE community, which include the Exchange’s unique market model combining cutting-edge technology with accountability and human judgment. Membership also brings an unmatched network of CEOs and business leaders, made up of 2,400 of the world’s largest and most innovative companies, the incomparable brand visibility that stems from an Exchange listing and core investor relations services.
“We are pleased to join the NYSE, one of the world’s most prestigious trading platforms and the world’s largest stock exchange,” said Adam J. Greenlee, President and CEO, Silgan Holdings. “We look forward to leveraging all of the advantages of the NYSE platform which combines world-class technology with human oversight.”
“We are excited to welcome world-class manufacturer, Silgan, to the NYSE’s community of icons and disruptors,” said John Tuttle, Vice Chair, NYSE Group. “We look forward to working with the company for years to come.”
Nearly 300 companies have switched their listings to the NYSE since 2000, representing more than $1 trillion in current market value.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure. NYSE Group’s equity exchanges -- the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National -- trade more U.S. equity volume than any other exchange group. The NYSE, an ICE exchange, is the premier global venue for capital raising. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. To learn more, visit nyse.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc.(NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
What does Silgan Holdings' transfer to NYSE mean for investors?
The transfer allows Silgan Holdings to leverage enhanced visibility and access to a vast network of influential companies, potentially improving investor relations and market performance.
When did Silgan Holdings start trading on the NYSE?
Silgan Holdings began trading on the NYSE on the date of the announcement in the press release.
How many companies have switched to the NYSE since 2000?
Since 2000, nearly 300 companies have switched their listings to the NYSE, representing more than $1 trillion in market value.
What are the benefits of listing on the NYSE?
Listing on the NYSE provides advantages such as enhanced visibility, access to advanced trading technology, and a strong network of business leaders.
Who is the CEO of Silgan Holdings?
Adam J. Greenlee is the President and CEO of Silgan Holdings.
