Former NYSE seatholders cash out
For former seatholders of the New York Stock Exchange, all the angst was probably worth it. In a large secondary offering, the Big Board sold about 25 million shares at $61.50 each, a total of more than about $1.5 billion. The exchange itself did not raise a dime. The future remains a bit unclear, as the NYSE grapples with the Nasdaq and a host of other issues. But the move toward becoming a publicly traded company seems to be have paid off for the old guard.
> Here's an article from TheStreet.com.
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