I always wondered why did some startup get what seems like a specials symbol, just the letter S.
How is that decision made and why was the symbol S free? Is it really special or was it just some coincidence?
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Ticker symbols are at the choice of the company as long as it isn’t in use by another company. So when sprint was merged and they stopped trading under S whoever wanted to could grab S to use as their ticker symbol. Some are reserved by the trading exchange though like NYSE holding M and I in reserve in case Microsoft and Intel come to trade there.
Cool! Thank you for the informative explanation!
