Summary
Interactive Brokers Group, Inc. (IBKR) announced its intention to voluntarily delist its Class A common stock from the Investors Exchange LLC (IEX) and transfer its listing to the Nasdaq Stock Market LLC (Nasdaq). This transition is set to occur on October 7, 2019, with the company's stock continuing to trade under the familiar ticker symbol 'IBKR'. The decision was approved by the Company's Board of Directors on September 22, 2019. This move suggests a strategic decision by Interactive Brokers to leverage the broader reach and visibility offered by Nasdaq, potentially enhancing liquidity and investor access. Investors should note that while the exchange is changing, the ticker symbol remains the same, minimizing disruption for most. The company has provided a press release with further details, furnished as an exhibit to this 8-K filing.
Key Highlights
- 1Interactive Brokers Group, Inc. (IBKR) is voluntarily delisting its Class A common stock from the Investors Exchange LLC (IEX).
- 2The company intends to transfer its stock listing to the Nasdaq Stock Market LLC (Nasdaq).
- 3The transfer of listing is expected to be effective at the opening of trading on October 7, 2019.
- 4The common stock will continue to trade under the ticker symbol "IBKR" on Nasdaq.
- 5The Board of Directors approved the delisting from IEX and listing on Nasdaq on September 22, 2019.
- 6A press release detailing the event is furnished as Exhibit 99.1 to the 8-K filing.