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Wednesday, Mar 27, 2024
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Leap Returns to the Nasdaq

San Diego-based Leap Wireless International Inc. made its return to the Nasdaq on June 29, with Chief Executive Officer Doug Hutcheson ringing the opening bell.

This time the company’s Nasdaq symbol is LEAP.

Leap, which offers wireless telecommunication services in 39 midsized U.S. cities, had traded on the Nasdaq before, under the symbol LWIN. The company filed for Chapter 11 bankruptcy in early 2003, listing more than $2.4 billion in debt at the time. The company emerged from bankruptcy in August, and had since been traded over the counter.

At 11:40 a.m. on June 29, Leap’s shares had risen 1 percent from the previous day’s close of $27.90.

Brad Graves

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