Why GM and Hilton are ditching the NYSE for Nasdaq
Source: Fortune ·
Also: All the news and watercooler chat from Fortune.
From the source
In today’s CEO Daily: What’s behind the great Nasdaq migration? The big leadership story: Anthropic’s S-1 reveals where OpenAI could have the upper hand. The markets: Mixed globally as investors await a Fed rate decision. Plus: All the news and watercooler chat from Fortune. Good morning. General Motors announced yesterday that it will move its listing from the New York Stock Exchange to Nasdaq on Nov. 17 as part of its “customer-focused, technology-driven strategy.” Hilton will move there on Nov. 5, with CEO Chris Nassetta telling investors yesterday that Nasdaq provides a “platform aligned with our innovation and growth ambitions and position[s] Hilton alongside some of the world’s most innovative companies.” In some ways, this feels like debating where to sit in the high school cafeteria: old guard or new guard, the varsity table or the one filled with kids from the robotics club. How investors grade the innovation and growth prospects at GM or Hilton isn’t going to depend on…