The New York Stock Exchange (NYSE) has the most listing transfers for the second-straight year in 2023.
During the year, the 32 listings were transferred, bringing $120 billion in new market capitalization to the exchange. Twenty listings were operating companies, nearly triple the number of operating companies transferred to competing exchanges.
Median market capitalization for all transfers was five times larger than that of other exchanges.
“The unparalleled value of an NYSE listing was front and center once again in 2023, highlighted by the companies that chose to both transfer and list here,” Michael Harris, NYSE Global Head of Capital Markets, said. “Not every company can qualify to list on the NYSE, but those that do can look forward to becoming members of a one-of-a-kind community that sets the pace for innovation on a global scale. As market conditions continue to improve, we look forward to welcoming many other leading companies from around the world to the NYSE.”
Transfers this year included Fiserv, the second-largest listing transfer in NYSE history, Expeditors International of Washington and Coherent. International transfers include CRH PLC and AngloGold Ashanti.
Since 2000, there have been more than 300 transfers to the NYSE, representing more than $1 trillion in market value.