GM will switch to Nasdaq from the NYSE on Nov. 17
General Motors is moving its stock listing from the New York Stock Exchange to the Nasdaq effective November 17. The automaker aims to align its brand with a technology-focused image and gain potential inclusion in the Nasdaq-100 index.
Why it matters
This move reflects a broader trend of traditional industrial companies rebranding as technology firms to attract investor interest in AI and autonomous vehicle sectors.
DETROIT — General Motors plans to transfer shares of its common stock from the New York Stock Exchange to the Nasdaq as the automaker attempts to position itself more as a technology-focused company.
The Detroit automaker said Tuesday that it expects to begin trading as a Nasdaq -listed company on Nov. 17. Its ticker symbol is expected to remain "GM," the company said.
"GM's customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow," GM CFO Paul Jacobson said in a release. "We're grateful for our long-standing partnership with the New York Stock Exchange and its remarkable legacy."
GM noted the move will provide eligibility for potential inclusion in the Nasdaq-100 Index .
Current shareholders do not need to take any action with respect to the transfer, the company said.
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