Symetra Financial Corporation offers IPO
Bellevue, Wash.-based life insurer Symetra Financial Corporation (“Symetra”) today opened for trading on the New York Stock Exchange under the ticker symbol “SYA” after its successful IPO, which raised $364.8 million in total proceeds (for both primary and secondary shares).
Symetra is among the first companies to go public on the NYSE in 2010.
“As one of the first companies to go public in 2010, Symetra Financial is a welcome addition to our premier network of NYSE-listed companies,” said Scott R. Cutler, NYSE Euronext EVP and Head of Listings, Americas. “The initial public offering of Symetra Financial demonstrates the continued and strong momentum of companies listing on the NYSE, committed to the capital-raising process. We look forward to a long-standing partnership with Symetra Financial and its shareholders.”
To mark this special occasion, Symetra President and Chief Executive Officer Randy Talbot rang today’s Opening Bell, joined on the podium by Symetra senior leaders and members of the company’s board of directors.
“This is a great day for Symetra and for our employees who have worked so hard to achieve this important milestone,” said Symetra President and Chief Executive Officer Randy Talbot. “We are honored to be listed on the New York Stock Exchange, and we welcome the transparency and visibility the NYSE gives to Symetra as we build on our success.”
About Symetra Financial Corporation (NYSE: SYA)
Symetra Financial Corporation (NYSE: SYA) is a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefits consultants, financial institutions and independent agents and advisors.
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 more than 8,000 listed issues, NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent nearly 40 percent of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business 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, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.