Monday, May 14, 2007 9:16:48 PM
"Can stocks be traded on more than one exchange, such as, for example, on both the Nasdaq and the NYSE?
--------------------------------------------------------------------------------
A stock can trade on any exchange on which it is listed. And to be listed it must meet all of the exchange's listing requirements and pay for any associated fees.
If it chooses to do so, a company can list its shares on more than one exchange, which is referred to as dual listing - although few companies do. However, there are some companies that are listed on both the NYSE and Nasdaq. Charles Schwab, Hewlett-Packard and Walgreens, for instance, all have dual listings on both exchanges.
One reason for listing on several exchanges is that it increases a stock's liquidity, allowing investors to choose from several different markets in which to buy or sell shares of the company. Along with the increased liquidity and choice, the bid-ask spread on the stock tends to decrease, which makes it easier for investors to buy and sell the security in the market at any time.
Multinational corporations also tend to list on more than one exchange. They will list their shares on both their domestic exchange and the major ones in other countries. For example, the multinational British Petroleum trades on the London Stock Exchange as well as the NYSE.
The increasing use and popularity of depository receipts has helped raise the number of companies trading on exchanges in different countries. These investment products, which represent a company's stock deposited at a domestic bank, can be issued by that bank on a foreign exchange with or without the endorsement of the company being traded. Depository receipts allow investors around the world to purchase and sell large international companies' stock."
Going to keep looking for more but now I'm thinking no added Float would NEED to happen although it could if need be.
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM
Innovation Beverage Group Receives Largest Shipment of its Top-Selling Bitters to Date in the U.S.-Ready to Meet Growing Demand from Expanding Distribution Network • IBG • Oct 30, 2024 12:22 PM
Element79 Gold Corp to Update Investors on the Emerging Growth Conference on October 31, 2024 • ELMGF • Oct 30, 2024 9:08 AM
CBD Life Sciences Inc. (CBDL) Announces Grand View Research Report Findings on High - Growth CBD Equine Market, Aiming to Drive Unprecedented Shareholder Value • CBDL • Oct 29, 2024 10:19 AM
Integrated Ventures Announces Partnership And Lease Agreement with Driptide Wellness - Leading Health and Wellness Provider. • INTV • Oct 29, 2024 8:45 AM