Summary
PepsiCo, Inc. (PEP) has announced a significant change regarding its stock listing. As of December 8, 2017, the company's Board of Directors has authorized the voluntary withdrawal of its common stock from the New York Stock Exchange (NYSE). This strategic move involves transferring the principal listing to The Nasdaq Global Select Market (Nasdaq). Investors can expect the delisting from the NYSE to be effective at market close on December 19, 2017, with trading commencing on Nasdaq at market open on December 20, 2017. Importantly, the stock will continue to trade under its familiar ticker symbol "PEP" on Nasdaq. While the common stock is moving, PepsiCo's senior notes are expected to remain listed on the NYSE.
Key Highlights
- 1PepsiCo Inc. (PEP) is voluntarily transferring its primary stock listing from the NYSE to The Nasdaq Global Select Market.
- 2The transfer is authorized by PepsiCo's Board of Directors.
- 3Trading on the NYSE will cease at market close on December 19, 2017.
- 4Trading on Nasdaq is scheduled to begin at market open on December 20, 2017.
- 5The common stock will continue to trade under the ticker symbol "PEP" on Nasdaq.
- 6PepsiCo's senior notes are expected to remain listed on the NYSE.