GM moves to Nasdaq as first legacy automaker on the exchange
GM•General Motors said it will transfer its common stock listing from the New York Stock Exchange to Nasdaq, becoming the first legacy automaker on the exchange. It expects to begin trading there on November 17 and will retain its ticker symbol.
1. Listing transfer
General Motors said it would transfer its common stock listing to Nasdaq from the New York Stock Exchange. It expects to begin trading as a Nasdaq-listed company on November 17 and will retain its existing ticker symbol.
2. Technology strategy
The company has been investing in technology, including “eyes-off” autonomous driving on some models, and is developing a software backbone for future vehicles to support automated driving and other digital features. It expects drivers will be willing to pay for those features.
3. Market context
General Motors shares rose about 2% in premarket trading. The company has a market value of around $64.4 billion.
