Why is Workday moving its listing from the NYSE to NASDAQ?

The 8-K filing does not explicitly state the reasons for the move. However, companies typically transfer exchanges for reasons such as potential cost savings, better alignment with a technology-focused investor base, enhanced trading liquidity on the new exchange, or strategic brand positioning.

Will my Workday shares be affected by this change?

Your shares of Workday Class A Common Stock will continue to trade under the same ticker symbol, "WDAY." The change is primarily in the exchange where the stock is listed. Your ownership and the value of your shares will be subject to market forces and company performance, as they are now.

What is the timeline for this transition?

Trading of Workday's Common Stock is expected to cease on the NYSE at market close on September 19, 2017. Trading is then expected to begin on NASDAQ at market open on September 20, 2017.

Do I need to take any action as a shareholder?

No, shareholders do not need to take any action. The transfer of listing is an administrative process handled by the company. Your broker will automatically facilitate the transition of your shares from the NYSE to NASDAQ.

WDAY 8-K: Securities & Listing

Summary

Workday, Inc. (WDAY) announced on September 1, 2017, its intention to voluntarily delist its Class A Common Stock from the New York Stock Exchange (NYSE) and transfer its listing to the NASDAQ Global Select Market. This strategic move is effective around September 20, 2017, with trading expected to commence on NASDAQ under the existing ticker symbol "WDAY" at market open on that date. The company has received approval for listing on NASDAQ. This transition to NASDAQ is a significant operational and strategic decision for Workday. While the filing does not detail the specific reasons, such transfers are often motivated by factors including cost savings, enhanced market visibility within a particular exchange's ecosystem, or alignment with other technology-focused companies. Investors should note the expected cessation of trading on the NYSE at market close on September 19, 2017, and the smooth transition to NASDAQ the following day. The underlying stock, "WDAY," remains unchanged, indicating continuity for shareholders.

Key Highlights

1Workday, Inc. (WDAY) is voluntarily delisting from the New York Stock Exchange (NYSE).
2The company plans to list its Class A Common Stock on the NASDAQ Global Select Market.
3The delisting from NYSE is expected to be effective at market close on September 19, 2017.
4Trading on NASDAQ is expected to commence at market open on September 20, 2017.
5The Common Stock will continue to trade under the symbol "WDAY" on NASDAQ.
6The move signifies a change in listing venue for Workday's common stock.
7NASDAQ has approved Workday's listing.

Workday, Inc. 8-K Report, Listing Notice (Sep 1, 2017)

Summary

Key Highlights

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