Josh White Sharecast News

16 Nov, 2017 09:43

WPP shifting US listing to NYSE from Nasdaq

Advertising and public relations behemoth WPP announced on Thursday that it is transferring the listing of its American depositary shares to the New York Stock Exchange from the Nasdaq Global Market, where they currently trade under the ticker ‘WPPGY’.

FTSE 100

8,109.32

16:35 18/11/24

n/a

n/a

FTSE 350

4,473.50

17:09 18/11/24

n/a

n/a

FTSE All-Share

4,431.13

16:49 18/11/24

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Media

12,668.71

17:09 18/11/24

0.88%

110.34

WPP

817.80p

16:40 18/11/24

-0.66%

-5.40p

The FTSE 100 company said it expected its ADS to begin trading under the new ticker 'WPP' on the NYSE from 28 November.

It said its ADS would continue to trade on Nasdaq until the transfer was complete.

WPP's primary listing of its ordinary shares would not change, and continued to trade on the London Stock Exchange under the ticker 'WPP'.

“We welcome WPP's move to the NYSE, home to the largest global media and communications services companies,” said NYSE president Tom Farley.

“We look forward to being part of the company's future growth.”