Economy
4:26 pm
Tue October 29, 2013

Kodak To List New Stock On The NYSE

 

Kodak will be a publicly traded company again as of November 1st. The company has announced that it will list its common shares on the New York Stock Exchange with the ticker symbol   KODK.

 CEO Antonio Perez calls it an important milestone for the company. He says the change in the symbol reflects a new company that is focusing on business to business products and services.   Company spokesman Chris Veronday says the re-listing of the company’s stock shows that the new Kodak is a viable business committed to delivering value to its shareholders. 

“This is a notable moment, the re-listing validates that we are moving forward as a technology company and it reflects the New York Stock Exchange believes that we have the financial stability and market interest to re-join other leading technology companies represented there,” Veronda says.

Upon emerging from bankruptcy in September, Kodak canceled all old stock, leaving former shareholders unpaid.

The company issued new stock which has been trading on over-the-counter venues since that time.

It’s Kodak’s new stock that will be listed on the New York Stock Exchange come November.

Kodak is now concentrating on the commercial printing and packaging markets.