GM will switch to Nasdaq from the NYSE on Nov. 17 — SkimNews
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- General Motors said it plans to begin trading on Nasdaq on Nov. 17, with the ticker “GM” expected to remain unchanged and no action required from current shareholders.
- Paul Jacobson, GM’s CFO, said the customer-focused, technology-driven strategy makes Nasdaq a “natural home” for the listing and thanked the NYSE for its long-standing partnership.
- Nasdaq-100 Index eligibility is one stated benefit of the move, with GM describing the prospect as potential inclusion in the index.
- NYSE is losing a company first listed in 1911 and relisted on the exchange in 2010 after a government-backed bankruptcy.
- Walmart is among recent NYSE-to-Nasdaq movers alongside DoorDash and Palantir Technologies, while Hilton Worldwide Holdings announced plans for its own transfer last week.
- Nasdaq identifies index-inclusion opportunities, cost-effective fees, brand visibility, event-space access, and investor-relations and ESG products as common reasons for listing transfers.
- GM shares closed Monday at $76.31 with a roughly $64.4 billion market capitalization; the stock has more than doubled since 2024 while the company has been aggressively buying back shares.
Why it matters: For GM, the Nov. 17 transfer makes it eligible for potential Nasdaq-100 inclusion and reinforces its technology-focused positioning; for the NYSE, it means losing a company first listed in 1911. GM’s roughly $64.4 billion market value and more-than-doubled share price since 2024 make this a consequential listing shift, not a minor administrative change.
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