The American depositary shares of India-based tech outsourcing firm Infosys (NYSE:INFY) will move to a new bourse, the company announced in an official news release. Starting Dec. 12, the shares will be traded on The New York Stock Exchange, shifting from NASDAQ where they currently reside.
The ticker symbol of the ADSes will remain the same. The listing will not affect the float of the stock or the company's capital structure.
Infosys aims to make its stock more readily available to investors not only in the United States, but also in key European markets. After the shares debut on the NYSE, the firm says they will also start trading on the Paris and London exchanges run by NYSE Euronext (NYSE:NYX.DL), the operator of the New York bourse.