General Motors switches listing to Nasdaq from NYSE

Summarised from 3 outlets · Updated 27 Oct, 12:20 · Archive

General Motors will transfer its stock listing from the New York Stock Exchange to Nasdaq on 17 November.

General Motors announced on Tuesday that it will transfer its common stock listing from the New York Stock Exchange to Nasdaq, with trading expected to begin on 17 November. The company will retain its 'GM' ticker symbol. Shareholders do not need to take any action with respect to the transfer.

GM CFO Paul Jacobson said in a statement that the company's 'customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow'. The move will provide eligibility for potential inclusion in the Nasdaq-100 Index. GM noted it is 'grateful for our long-standing partnership with the New York Stock Exchange', where it first listed in 1911 and relisted in 2010 following a government-backed bankruptcy.

The switch follows recent moves by other major companies including Walmart, DoorDash and Palantir Technologies from the NYSE to Nasdaq. Nasdaq said common reasons for such transfers include index inclusion opportunities, cost-effective fee structures and access to investor relations and ESG products.

How it is being reported

• GM to switch listing from NYSE to Nasdaq as it accelerates AI pushMove marks another blow for Big Board as tech-forward rival attracts some of world’s most valuable companiesFinancial Times · 27 Oct, 14:02
• GM to move stock from New York Stock Exchange to NasdaqGeneral Motors announced on Tuesday that it will move shares of its common stock from the New York Stock Exchange to the Nasdaq on Nov. 17.UPI · 27 Oct, 13:58
• GM will switch to Nasdaq from the NYSE on Nov. 17GM expects to keep its “GM” ticker symbol, and the company says shareholders do not need to take action because of the transfer.CNBC · 27 Oct, 10:49

In this story: General Motors · Nasdaq · New York Stock Exchange · Paul Jacobson · Walmart · DoorDash · Palantir Technologies

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem