I always wondered why did some startup get what seems like a specials symbol, just the letter S.

How is that decision made and why was the symbol S free? Is it really special or was it just some coincidence?

You are viewing a single thread.
View all comments
2 points

Ticker symbols are at the choice of the company as long as it isn’t in use by another company. So when sprint was merged and they stopped trading under S whoever wanted to could grab S to use as their ticker symbol. Some are reserved by the trading exchange though like NYSE holding M and I in reserve in case Microsoft and Intel come to trade there.

permalink
report
reply
1 point

Cool! Thank you for the informative explanation!

permalink
report
parent
reply

Stocks

!stocks@lemmy.world

Create post

A community for discussing stocks.

Rules:

  1. No bigotry: Including racism, sexism, homophobia, transphobia, or xenophobia. Code of Conduct.
  2. Be respectful. Everyone should feel welcome here.
  3. No NSFW content.
  4. No Ads / Spamming.
  5. Be thoughtful and helpful: even with ‘stupid’ questions. The world won’t be made better or worse by snarky comments schooling naive newcomers on Lemmy.

Community stats

  • 1

    Monthly active users

  • 50

    Posts

  • 29

    Comments

Community moderators