Today, the NYSE Group, Inc. (NYSE: NYX), listed its ninth transfer from Nasdaq year-to-date when Safeco Corporation, an insurance product provider, joined the world’s largest equities market. Safeco Corporation (NYSE: SAF ) marks the 17th transfer to NYSE Group, Inc. markets year-to-date. With a market capitalization of $7 billion, Safeco Corporation brings the total market cap of transfers to $41.9 billion this year.
So far in 2006, the NYSE Group, Inc. has listed nine transfers from Nasdaq, including one transfer from Nasdaq to NYSE Arca(SM),and eight transfers from Amex, also including one transfer from Amex to NYSE Arca(SM).
Since 2000, 144 companies have transferred from Nasdaq to the New York Stock Exchange. “We are pleased to welcome Safeco Corporation to our family of listed companies,” said NYSE Group, Inc. CEO John A. Thain. “Safeco Corporation will now join the world’s greatest companies with the highest listing standards. We look forward to an outstanding partnership with the company and to providing them with the superior market quality and unsurpassed visibility that issuers from around the world have come to expect from listing on the New York Stock Exchange.”
To celebrate this special occasion, Safeco Corporation President & CEO Paula Rosput Reynolds rang today’s Opening Bell.
