Finance History | Nasdaq MarketSite — A Needham CAD Book That Printed PMTC Then PTC
· 1989-12
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Finance History | Nasdaq MarketSite — A Needham CAD Book That Printed PMTC Then PTC
kevin
People treat PTC as a Boston industrial-software house that always printed PTC after a finished Nasdaq book.
The December 1989 issuer was Parametric Technology Corporation, the Massachusetts company founded in 1985 around the Pro/ENGINEER design system.
Company filings and later market records date the first Nasdaq National Market print to 8 December 1989 under the letters PMTC. A 1996 Form 10-K still points back to the Form S-1 filed as File No. 33-31620.
A company release dated 26 November 2013 records the last step. The legal name had already become PTC Inc. in January 2013. The tape would change from PMTC to PTC at the open on 3 December 2013.
The present tape is PTC on the Nasdaq Global Select Market.
The mechanism is a software IPO that later renamed its own letters. The operating company kept writing CAD and product-lifecycle code. Only the three characters on the tape moved.
The pin is the public Times Square facade of Nasdaq MarketSite, the present street marker for the tape that now prints PTC.
Interior trading is not visitable from the sidewalk.
Photo: Luca Marfe, June 2015, CC BY 2.0, via Wikimedia Commons. Nasdaq MarketSite.
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