News Summary
Forum Energy Technologies, Inc. has announced its launch of a secondary listing on NYSE Texas, enhancing its presence in the financial community while reaffirming its Texas roots. The company, a leader in energy solutions, aims to broaden its investor base while maintaining its primary listing on the NYSE. This move highlights FET’s commitment to the Texas economy and its focus on environmental and social responsibility. As a Founding Member of NYSE Texas, FET is well-positioned to influence the future of energy listings in the region.
Texas: Forum Energy Technologies Announces Secondary Listing
Forum Energy Technologies, Inc. (NYSE: FET) has made a significant move in the stock market by announcing a secondary listing of its common stock on NYSE Texas, a fully electronic equities exchange located in Dallas, Texas. The company has emphasized that while it is expanding its trading options, the NYSE remains its primary exchange for stock trading.
Neal Lux, President and CEO of Forum Energy Technologies, highlighted the company’s strong connection to Texas, noting that it considers the state its home due to the presence of its headquarters and nearly half of its workforce. The announcement of the secondary listing is particularly symbolic, as Forum Energy Technologies takes on the role of a Founding Member of NYSE Texas.
Chris Taylor, Chief Development Officer of NYSE Group, acknowledged Forum Energy Technologies as a prominent player in the energy sector and commended its contributions to the growth and prosperity of Texas.
Company Profile and Operations
Forum Energy Technologies is a globally recognized company engaged in serving the oil, natural gas, industrial, and renewable energy sectors. The company’s mission is to provide value-added solutions that improve the safety and efficiency of energy exploration and production. With its headquarters located in Houston, Texas, Forum Energy Technologies operates strategic manufacturing, distribution, and service facilities around the globe.
The company places significant emphasis on environmental and social responsibility, ensuring that its operations not only meet the demands of the energy market but also uphold ethical standards beneficial to communities and the environment.
Importance of the Secondary Listing
The introduction of the secondary listing on NYSE Texas is an important step for Forum Energy Technologies, as it seeks to enhance its market exposure and accessibility to investors. The move is expected to attract more investor attention and potentially bolster the liquidity of its stock. Being a Founding Member signifies the faith NYSE Texas has in the company, positioning it as a pioneering force among energy sector participants on this new trading platform.
Contact Information
For more information regarding Forum Energy Technologies and its latest updates, individuals interested can visit their website at www.f-e-t.com. Rob Kukla serves as the Director of Investor Relations for the company and is available for inquiries at 281.994.3763 or via email at [email protected].
Deeper Dive: News & Info About This Topic
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