Hawaiian Telcom becomes a public companyDecember 27, 2010, 1:00 PM HST · Updated December 27, 3:09 PM 0 Comments
Public trading of began today for Hawaiian Telcom common stock. The move toward becoming a public company is part of a reorganization plan designed to position the company for future growth.
Common stock is available for purchase via market makers under the symbol HWLT. An application is still pending approval for inclusion on the NASDAQ Stock Market where common stock is expected to trade under the HCOM ticker symbol.
“Becoming a public company is an important next step in Hawaiian Telcom’s transformation into a stronger, more competitive company for the benefit of our customers and shareholders,” said President and CEO Eric K. Yeaman in a media release today.
“We anticipate that having our shares in the public marketplace will bring enhanced visibility, liquidity, and new opportunities to the Company,” said Yeaman.
(Posted by Wendy Osher; information courtesy Hawaiian Telcom)