Insteel Industries completes its transfer of listing to the New York Stock Exchange
The New York Stock Exchange, a wholly-owned subsidiary of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global exchange and clearinghouse operators and provider of mortgage technology, data and quotation services , announced that Insteel Industries, Inc. (NYSE: IIIN) has completed its listing transfer and will begin trading today as a listed company on the NYSE.
The nation’s largest manufacturer of steel wire reinforcement products for concrete construction applications, Insteel will now be able to reap all the benefits of joining the NYSE community, a group of over 2. 000 of the world’s largest, most important and most innovative companies.
The advantages of a NYSE listing include the Exchange’s single market model combining cutting-edge technology and human judgment, an unrivaled network of CEOs and business leaders within the listed community, unparalleled visibility of the brand that arises from a listing on the Stock Exchange and relationships with major investors. services.
Headquartered in Mount Airy, North Carolina, Insteel, with a heritage dating back to 1953, today operates 10 modern manufacturing facilities across the United States, primarily serving manufacturers of concrete products used in non-residential construction. . The company’s move to listing represents a return to the New York Stock Exchange, where it was previously listed for 10 years until 2002.
“We are delighted to return our stock listing to the New York Stock Exchange and look forward to realizing the many benefits of its unique value proposition,” said HO Woltz III, President and CEO of Insteel.
“Insteel’s decision to transfer its listing to the New York Stock Exchange underscores the company’s commitment to industry leadership, taking its rightful place within our extraordinary community of NYSE-listed companies focused on the same way on innovation and value creation, ”said John Tuttle, vice president of the NYSE group. President and Commercial Director.
Almost 300 companies have transferred their listings to the NYSE since 2000, representing more than $ 1,000 billion in current market value.
About the NYSE group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), a provider of market infrastructure, data services and technology solutions to a wide range of clients including financial institutions, businesses and government entities, as well as ‘a leading technology provider for the US residential mortgage industry. The NYSE group’s stock exchanges – the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago, and NYSE National – trade more volume of U.S. stocks than any other stock exchange group. The NYSE is the world’s premier venue for raising capital. NYSE Arca Options and NYSE Amex Options are the major stock option exchanges.
About the intercontinental exchange
Intercontinental exchange (NYSE: ICE) is a Fortune 500 company and a provider of market infrastructure, data services, and technology solutions to a wide variety of clients, including financial institutions, businesses, and government entities. We operate regulated markets, including the New York Stock Exchange, for listing, trading and clearing a wide range of derivative contracts and financial securities in the main asset classes. Our complete data services The offering supports the trading, investment, risk management and connectivity needs of clients around the world and across all asset classes. As a leading technology provider to the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize residential mortgages in the United States, from loan application and origination through to final settlement.
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 can be found here. The key information documents for certain products covered by the EU Retail and Insurance Investment Products Regulation can be accessed on the website of the relevant exchange 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 risk and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see documents filed by the Securities and Exchange Commission (SEC) of ICE, including, but not limited to be limited to the risk factors in ICE’s annual report. Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the SEC on February 4, 2021.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210317005143/en/
NYSE media contact:
Contact for ICE investors: