General Motors Shifts Stock Listing to Nasdaq From NYSE
The automaker joins a list of prominent companies migrating to the exchange.
General Motors is moving its stock listing from the New York Stock Exchange to Nasdaq, the company announced.
The move makes GM the latest major corporation to transition its listing from the historic "Big Board" to its competitor. Nasdaq has seen a number of high-profile companies switch their listings in recent years. The specific reasons for these migrations often vary but can include perceptions of market activity, listing fees, or the exchange's technological infrastructure.
GM's shares will begin trading on the Nasdaq under its current ticker symbol, "GM." The company has not disclosed a specific date for the transition, only that it will occur in the coming months. The New York Stock Exchange has been the primary venue for GM's stock since its initial public offering in 2010 following the company's restructuring. This shift marks a significant change in the automotive giant's public market presence.