Nasdaq's dual members turn backs on NYSE

Technology companies are gaining cost benefits from a sole listing

Nasdaq, the US stock market, is so pleased at winning its first sole listing from a company that was also quoted on the rival New York Stock Exchange that it has taken full-page advertisements in US newspapers.

Cadence Design Systems, a software group with a market capitalisation of $4.5bn (€3.8bn), last month became the first dual-listed company to move to Nasdaq.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It