Executives from SpectraSite will visit the New York Stock Exchange on Tuesday to ring the opening bell in celebration of the company’s secondary offering and original listing on the NYSE.
Steve Clark, chairman and chief executive officer of Spectra Site (NYSE: SSI), will ring the bell.
“Today’s listing is a major step toward the bright future ahead,” said Clark. “I am proud to be a part of SpectraSite, and proud of the hundreds of employees who helped get us here.”
The listing comes just eight months after SpectraSite, a wireless tower operator, completed a successful financial restructuring. In November 2002, SpectraSite filed for Chapter 11 protection.
On Feb. 10, 2003, Cary-based SpectraSite emerged from bankruptcy.
“We’re thrilled to be trading on the Big Board,” Clark said. “It’s remarkable that in less than one year SpectraSite was able to complete a successful restructuring and move to the NYSE. It’s a testament to the quality of our management team and employees.”
On friday, SpectraSite offered a secondary offering of 9 million shares at a price of $30.25 per share.