The lack of information and liquidity in the shares today has allowed speculators to push the valuation to unreasonable levels.
We believe that shares reflect significant optimism about the future of the combined NYSEArchipelago model, and . . . challenges will only become apparent as the hybrid system and Regulation NMS are implemented during 2006.
Companies often mention more muted volatility on the NYSE as another reason to list there, but the most common response we have received when discussing listing choices with company CEOs is the brand recognition.