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Avid rings in the new with NASDAQ opening bell

Louis Hernandez, Jnr, CEO of the newly relisted company, thanked the stock exchange for "the honour of opening the trading day"

Louis Hernandez, Jnr, chairman, president and CEO of Avid, rung the the opening bell of the NASDAQ stock exchange in Times Square, New York City, this morning (16 January).

“Nearly two years ago, Avid embarked on a bold and transformational journey to recapture the imagination of the media and entertainment industry, and to lead our industry in the face of rapid change and enormous pressure on business models,” said Hernandez (pictured, centre). “While there is still so much more to do, we have made tremendous progress over the past two years. We thank Nasdaq for the honour of opening the trading day, and remain grateful to our customers, partners, employees and shareholders for their ongoing support.”

The market-leading audio and video technology company relisted on the NASDAQ in December (see After 10 months, Avid relists on NASDAQ stock exchange) following a period of trading on over-the-counter markets. It was originally delisted in February 2014 after it missed a deadline to restate a number of financial statements (Avid receives compliance notice from NASDAQ).

Avid will be at the NAMM Show in Anaheim, California, this month, where it will be announcing “major audio innovations” on 22 January.