NEW YORK – Olathe-based Garmin ushered in a new era on Wall Street on Tuesday morning.
Company executives were there to ring the opening bell on the New York Stock Exchange, symbolizing the company’s exit from NASDAQ. The transfer to the New York Stock Exchange comes today 21 years after Garmin’s IPO. The company initially went public on December 8, 2000.
The company employs 15,000 people in Olathe, along with thousands more in 34 countries around the world. It focuses on GPS navigation and wearable technology in the automotive, aviation, marine, outdoor and fitness markets.
“Garmin is thrilled to join the NYSE alongside many of the world’s most established and trusted companies,” said Cliff Pemble, President and CEO of Garmin. “Garmin occupies a unique position both as a well-respected consumer brand and as a strong industrial player. We believe this move complements our strong brand and will deliver significant, long-term value to our shareholders. “
The company is also reinvesting in Johnson County. He confirmed in October that he had purchased the property where the Great Mall of the Great Plains once stood. The property spans 193 acres on the northwest corner of 151st Street and Highway 169 in Olathe, and is less than two miles from Garmin’s international headquarters.
Suggest a correction