MLP Meet NYSE

In honor of Maui Land & Pineapple joining the NYSE on April 2, Maui Gold pineapples and Hawaiian lei were shared on the NYSE trading floor.

Maui

Maui Land & Pineapple is going up on the Big Board.

The company has been traded on the American Stock Exchange since going public in 1969, but in April joined the New York Stock Exchange, nicknamed the Big Board. In fact, next month, on Kamehameha Day, the move will be celebrated on the NYSE floor with the ringing of the bell.

Company officials believe the move will give the company more visibility and allow it to reach a more diverse group of investors.

The NYSE reports that it is the largest equities marketplace in the world. “Our listed companies represented a total global market value of approximately $27.1 trillion, as of Dec. 31, 2007,” the Web site states.

The company stock ticker will remain MLP.

MLP was started in 1909. Its principal operating subsidiaries are Maui Pineapple Co. Ltd., a producer and marketer of Maui-grown pine-apple, and Kapalua Land Co. Ltd., operator of Kapalua Resort, a master-planned resort community in West Maui.

Do you like what you read? Subscribe to Hawaii Business Magazine »