LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. had its application for relisting its common stock on the Nasdaq National Market approved subject to the company maintaining a $5 minimum trade, and began trading under the ticker symbol “APCS” today. Alamosa’s stock was trading down 15 cents per share early Monday at $5.20 per share.
“Our anticipated return to the Nasdaq National Market, where we first began trading after our initial public offering in 2000, provides Alamosa with greater recognition in the investor community,” said David Sharbutt, chairman and chief executive officer of Alamosa. “Our new listing should offer our company and its shareholders many advantages of a broader market including: liquidity to our shareholders, increased visibility on our operating performance and inclusion among the list of many leading companies that currently trade on the Nasdaq National Market.”
Alamosa has been trading on the Over-the-Counter Bulletin Board since last April under the “ALMO.OB” ticker symbol after having been suspended by the New York Stock Exchange where it moved in December 2001, from the Nasdaq.
