Otis Begins regular Trading on NY Stock Exchange

Otis Worldwide Corporation began its first day of “regular-way” common stock trading on the New York Stock Exchange after successfully completing its separation from United Technologies. Otis originally listed its common stock on the NYSE in April 1920 and returns to the Exchange as the leader in the ~$75 billion industry that it created. “This is a historic day for Otis as we move forward as a strong stand-alone company. Throughout our 167 years in business, we have experienced all types of markets and historic events – and rose to respond. We’re confident we will endure and succeed despite today’s current challenges,” said Otis President & CEO Judy Marks. “Otis continues to be well-positioned for sustained, long-term growth as our business model brings recurring revenue even in times of economic headwinds.”