Infosys plans to list on the NYSE Euronext
NEW YORK (AP) — The Indian technology company Infosys plans to list its American depositary shares on the Paris and London exchanges of NYSE Euronext.
It also said Friday that it would transfer the listing of its ADS to the New York Stock Exchange, from the Nasdaq Global Select Market.
The shares will start trading on the NYSE Euronext markets in the U.S. under the "INFY" ticker symbol starting on Dec. 12. Its ADS will still trade in the U.S. under "INFY" on the Nasdaq until the transfer is complete.
When the separate Euronext listing process is finished, ADS of Infosys will start trading on the NYSE Euronext markets in Paris and London.
The company wanted to give European investors more access to its stock, according to CEO S. D. Shibulal.
Shares of Infosys fell 32 cents to $44.34 in afternoon trading, part of a broader market sell-off.
