Lennox celebrates by ringing the NYSE bell
29th July 2024
USA: Lennox celebrated the 25th Anniversary of its initial public offering, today, with CEO Alok Maskara ringing the closing bell at the New York Stock Exchange.
Since its debut on the NYSE in 1999, Lennox has evolved from a regional HVAC manufacturer to a leader in the global market, specialising in heating, cooling, and commercial refrigeration technologies.
Over the past quarter-century, Lennox has grown financially and operationally, establishing itself as a leading brand for heating, cooling, and refrigeration needs in residential and commercial markets.
The ringing of the NYSE bell is used to signal the opening or closing of the day’s trading.
Bells were first used at the NYSE in the 1870s with the advent of continuous trading. A Chinese gong was the original bell of choice. But in 1903, when the NYSE moved to its current building, the gong was replaced by a brass bell — electrically operated and large enough in size to resonate throughout the voluminous main trading floor. Today, each of the four trading areas of the NYSE has its own bell, operated synchronously from a single control panel.
