India, Sept. 27 -- Paramount Skydance said on Friday it would move the listing of its Class B common stock from Nasdaq to the New York Stock Exchange. Trading on Nasdaq is expected to end at market close on or around October 5, while trading on the NYSE is expected to begin at market open on October 6.
The two Rs US exchanges have long vied for prominence, with Nasdaq primarily housing tech sector stocks and the NYSE traditionally anchoring the country's biggest industrial and financial names. The rivalry was at its fiercest during the dot-com frenzy of the late 1990s.Companies typically change listing venues when they see better alignment with an exchange's investor base, technology Rs and services, or when they want to cut costs tied to ...