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Why did Sentinel One get "S"? (lemmy.world)
submitted 3 months ago by MTK@lemmy.world to c/stocks@lemmy.world
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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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[-] teft@lemmy.world 2 points 3 months ago

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.

[-] MTK@lemmy.world 1 points 3 months ago

Cool! Thank you for the informative explanation!

this post was submitted on 15 Jul 2024
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