Schneider National goes public, rings NYSE opening bell
(WLUK) -- One of Northeast Wisconsin's most iconic companies is now publicly traded.
Shares of Ashwaubenon-based Schneider National opened at $19.50 Thursday morning on the New York Stock Exchange. It was the first day investors could purchase stock in the company.
To mark the occasion, Schneider leaders rang the opening bell at the NYSE.
The stock closed the day at $19.
Schneider made 28.9 million shares available in its initial public offering. When it announced plans to go public last October, Schneider said it hoped to keep controlling ownership of the company within the Schneider family, but that selling stock would allow it to make investments in its long-term future.
The Ashwaubenon-based trucking company has been family-owned since it was founded by Al Schneider in 1935. According to the Greater Green Bay Chamber, Schneider National is the fourth-largest employer in the Green Bay area, with 2,633 employees as of May 2016.
Schneider trades under the symbol SNDR.