Garmin joins NYSE in biggest transfer in recent history
In one of the biggest stock-listing transfers in recent history, electronics giant Garmin has begun trading on the New York Stock Exchange.
The transfer took place 21 years after Garmin’s December 8th 2000 Initial Public Offering (IPO) on the Nasdaq Exchange.
“Garmin is pleased to join the NYSE alongside many of the world’s most well-established and regarded companies,” said Cliff Pemble, President and CEO of Garmin. “The group is uniquely positioned as both a highly respected consumer brand and a strong industrial player. We believe this move complements our strong brand and will provide meaningful and long-term value for our shareholders.”
“We are excited to welcome Garmin as it transfers its listing to the NYSE,” said Stacey Cunningham, President, NYSE Group. “We look forward to working with Garmin as it helps millions of active lifestyle customers pursue their passions.”
Nearly 300 companies have switched their listings to the NYSE since 2000, representing more than $1 trillion in current market value.