Infosys on Friday announced that it will be transferring the listing of its American Depository Shares (ADS) to the New York Stock Exchange (NYSE) from the Nasdaq Global Select Market (Nasdaq). The company is also seeking to list its ADS on the Paris and London Exchanges of NYSE Euronext.
(NYSE Euronext is a leading global operator of financial markets and its equity markets represent one third of the world’s equities trading).
S. D. Shibulal, CEO and Managing Director of Infosys said the decision to transfer ADS listing to NYSE was motivated by a desire to leverage the NYSE Euronext partnership to empower the company’s investor base. It would also help increase access for European investors and broaden the trading window available for the company’s global investors.
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Infosys ADS will begin trading on the NYSE Euronext markets on December 12. Until the transfer is complete the ADS will continue to trade in the U.S.
Once the separate Euronext listing process is complete, Infosys ADS will begin trading on the NYSE Euronext markets in Paris and London.