Silver Spring Networks Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
NEW YORK--(BUSINESS WIRE)-- Silver Spring Networks, a leading networking platform and solutions provider for smart energy networks, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol "SSNI" after its initial public offering. Chairman, President and CEO Scott Lang, joined by members of the Silver Spring Networks team, celebrated the company's first day of trading by visiting the NYSE trading floor for the stock opening and by ringing The Opening BellSM.
Silver Spring Network Chairman, President & CEO Scott Lang, joined by members of Silver Spring management team, rings the NYSE Opening Bell to celebrate the company's IPO and first day of trading on the NYSE. (NYSE Euronext photo)
"Today we would like to thank our employees, our customers, our partners and our investors who have worked extremely hard to get to this significant milestone, but this really is just the beginning," said Scott Lang, Chairman, President and CEO of Silver Spring Networks. "We look forward to continued partnership with our utility customers to modernize their power grid to enable greater energy efficiency, improved grid reliability and increased consumer empowerment. Today, we have the privilege of joining the growing number of technology industry pioneers listed on the NYSE."
"We are delighted to welcome Silver Spring Networks to the NYSE's listed company community," said Duncan Niederauer, CEO of NYSE Euronext (NYX). "Silver Spring Networks is a leader in providing innovative networking solutions that enable utilities to modernize their power grid with technology and to best serve its customers. We look forward to a long-standing partnership with the company and its shareholders."
For more information on NYSE Euronext's Listings business and to learn about trends in the IPO market, please visit the NYSE Euronext IPO Center.
About Silver Spring Networks (NYSE:SSNI)
Silver Spring Networks is a leading networking platform and solutions provider for smart energy networks. Our pioneering IPv6 networking platform, with 15.8 million Silver Spring enabled devices delivered, is connecting utilities to homes and business throughout the world with the goal of achieving greater energy efficiency for the planet. Silver Spring's innovative solutions enable utilities to gain operational efficiencies, improve grid reliability, and empower consumers to monitor and manage energy consumption. Silver Spring Networks is used by major utilities around the globe including Baltimore Gas & Electric, CitiPower & Powercor, Commonwealth Edison, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and Progress Energy, among others. For more information please visit www.silverspringnet.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.
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Annmarie Gioia, 212-656-5437
Silver Spring Networks
Tricia Gugler, 650-839-4504
Noel Hartzell, 650-839-4184
KEYWORDS: United States North America New York
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