American Water, the largest investor-owned U.S. water and wastewater utility company, headquartered in Voorhees, N.J., today opened for trading on the New York Stock Exchange. The stock began trading today under the ticker symbol "AWK " in connection with the sale by RWE Aqua Holdings GmbH of 58 million shares in an initial public offering.
"American Water is a welcome addition to our growing family of NYSE-listed companies," said NYSE Euronext Group Executive Vice President and Head of Global Listings, Catherine R. Kinney. "We look forward to providing the company with the superior market quality, liquidity and brand visibility associated with listing on NYSE Euronext markets."
"Today is an historic milestone in the American Water story and we are proud to list on the New York Stock Exchange as a publicly traded company," said Donald L. Correll, chief executive officer and president, American Water. "This achievement could not have been accomplished without the hard work and dedication of our nearly 7,000 employees who are committed to treating, delivering and protecting the world's most important natural resource."
To celebrate today's special occasion, American Water President & CEO Don L. Correll rang The Opening BellSM at the NYSE. -- www.nyse.com
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