Summary
T-Mobile US, Inc. (TMUS) announced its intention to voluntarily delist its common stock and Series A Mandatory Convertible Preferred Stock from the New York Stock Exchange (NYSE) and list them on the NASDAQ Global Select Market. This strategic move aims to consolidate T-Mobile's listing to a single exchange, potentially improving liquidity and aligning with other technology and growth-oriented companies. Investors can expect the transition to be seamless, with trading on the NYSE expected to cease on October 26, 2015, and trading on NASDAQ to commence on October 27, 2015. The company's stock ticker symbol 'TMUS' for common stock and 'TMUSP' for preferred stock will remain the same on NASDAQ. This exchange move is not expected to impact the fundamental business operations or financial performance of T-Mobile.
Key Highlights
- 1T-Mobile US, Inc. is voluntarily delisting its common stock and Series A Mandatory Convertible Preferred Stock from the NYSE.
- 2The company plans to list its common and preferred stock on the NASDAQ Global Select Market.
- 3Trading cessation on the NYSE is expected on October 26, 2015.
- 4Trading commencement on NASDAQ is anticipated on October 27, 2015.
- 5The common stock will continue to trade under the ticker symbol 'TMUS'.
- 6The preferred stock will continue to trade under the ticker symbol 'TMUSP'.
- 7This move is intended to consolidate T-Mobile's listing onto a single exchange.