Summary
Interactive Brokers Group, Inc. (IBKR) announced on September 12, 2018, its intention to voluntarily delist its Class A common stock from the Nasdaq Stock Market. This move is set to take effect on October 5, 2018, with the company transferring its listing to the Investors Exchange LLC (IEX). The company has received authorization for listing on IEX, and its common stock will continue to trade under the ticker symbol 'IBKR'. This strategic decision was approved by the Company's Board of Directors on September 11, 2018. While the immediate implications for trading liquidity and market perception may be a consideration for investors, Interactive Brokers is maintaining its stock ticker and moving to a different, authorized exchange. The full details of this transition are further elaborated in a press release furnished as an exhibit to this report.
Key Highlights
- 1Voluntary delisting of Class A common stock from Nasdaq.
- 2Intention to transfer listing to Investors Exchange LLC (IEX).
- 3Delisting and transfer effective October 5, 2018.
- 4Common stock will continue trading under the ticker symbol 'IBKR'.
- 5Company has received authorization for listing on IEX.
- 6Board of Directors approved the delisting and transfer on September 11, 2018.