The NASDAQ has always been considering the heavyweight exchange for technology listing, and it just put on more weight today with an announcement from Texas Instruments Inc. (NYSE: TXN) that the chipmaker would move its stock listing to NASDAQ on January 1st. TI will join other tech biggies like Intel Corp. (NASDAQ: INTC), Microsoft Corp. (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG) on the exchange.
TI will maintain its ‘TXN’ ticker after the switch to Nasdaq’s Global Select Market.
In the announcement, TI’s head of investor relations said:
This move will enhance our public visibility while offering our shareholders cost-effective access to advanced trading technologies.
Saving money and better technology are always good reasons to make a change. In this case, though, the principal change is now Nasdaq will get to brag a little more about stealing a listing from the Nyse. Look for a retaliatory move soon.
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