Key facts
- Paramount Skydance will move its Class B common stock listing from Nasdaq to the New York Stock Exchange.
- Trading on Nasdaq is expected to end around October 5.
- Trading on the NYSE is expected to begin on October 6.
- Companies typically change listing venues for better alignment with an exchange's investor base, technology, and services, or to cut costs.
Paramount Skydance announced on Friday that it will move the listing of its Class B common stock from Nasdaq to the New York Stock Exchange. The company cited a desire for better alignment with an exchange's investor base, technology, and services, as well as potential cost savings related to listing and compliance. Trading on Nasdaq is anticipated to conclude around market close on October 5, with trading on the NYSE set to commence at market open on October 6. The move comes as Paramount is expected to finalize its $110 billion Warner Bros deal soon and has set October 5 as the record date for a planned distribution of warrants in connection with that deal.