TD Ameritrade Holding Corp. (AMTD) said it is transferring its
stock listing to the New York Stock Exchange, in the latest round
in a fierce competition between Nasdaq OMX Group Inc. (NDAQ) and
Big Board owner NYSE Euronext (NYX) for high profile listings.
The New York Stock Exchange and Nasdaq compete fiercely over
listings, and last year the intensity accelerated amid the wave of
Internet IPOs from the likes of LinkedIn Corp. (LNKD) and Groupon
Inc. (GRPN). The Wall Street Journal recently reported that Nasdaq
scored the planned stock-market listing of social-media company
Facebook Inc., giving Nasdaq one of the most-coveted deals among
the new crop of Internet companies.
TD Ameritrade, which recently had a market capitalization of
about $10.2 million, said it will make the switch from Nasdaq April
25. It will continue to trade under its current ticker symbol,
AMTD.
Shares closed Tuesday at $18.61 and were inactive premarket. The
stock is up 19% this year.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481;
Tess.Stynes@dowjones.com