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Hilton Checks Out of NYSE, Checks Into Nasdaq
20 Oct
Summary
- Hilton Worldwide will transfer its stock listing from NYSE to Nasdaq.
- The hotel operator expects to start trading on Nasdaq on November 5.
- This move aligns with Hilton's growth ambitions and technology focus.
Hilton Worldwide is planning a significant change in its stock market presence, announcing its intention to transfer its listing from the New York Stock Exchange (NYSE) to Nasdaq. This transition is scheduled to take effect on November 5, when Hilton shares will begin trading under the HLT ticker on the Nasdaq exchange.
The decision to move to Nasdaq, a hub for technology and innovation companies, is driven by Hilton's strategic vision. CEO Chris Nassetta stated that this aligns with the company's growth ambitions and long-term strategy, seeking greater visibility with investors focused on growth. This move follows Hilton's recent appointment of Jeff Moore as chief technology officer, underscoring a commitment to technology and innovation.
Hilton has a long history with the NYSE, having been the first hotel company listed there in 1946. After a period of private ownership, the company returned to public markets in 2013. This move to Nasdaq mirrors a similar transition made by competitor Marriott International, which moved its listing from the NYSE to Nasdaq in 2013.
