IMAX announced Monday that it will move its listing from Nasdaq to the New York Stock Exchange.
The company expects to begin trading on the NYSE on Feb. 11 under the same "IMAX" listing.
IMAX shares will still trade on the Toronto Stock Exchange under the current "IMX" ticker symbol.
Here's the full IMAX press release:
IMAX Corporation to List Shares on the New York Stock
Exchange
Company's Ticker Symbol to Remain "IMAX" on the NYSE
Shares to Remain Trading on the Toronto Stock Exchange under Current
Ticker Symbol "IMX"
NEW YORK, Jan. 31, 2011 (GLOBE NEWSWIRE) -- IMAX Corporation
(Nasdaq:IMAX) (TSX:IMX) today announced the pending transfer of the
listing of its common stock from the NASDAQ Global Select Market
("NASDAQ") to the New York Stock Exchange ("NYSE"). The Company expects
to begin trading on the NYSE on February 11, 2011, under its current
ticker symbol "IMAX" and will ring the opening bell that morning. The
Company will continue to trade under the ticker symbol "IMAX" on the
NASDAQ until the transfer is completed. The Company's trading on the
Toronto Stock Exchange, under the ticker symbol "IMX," will remain
unchanged.
"Given the global nature and expansion of our brand, the New York Stock
Exchange offers an ideal platform for the continued growth of our
Company," said IMAX CEO, Richard L. Gelfond. "Our affiliation with the
NYSE will provide us access to the markets we intend to reach and puts
us in good company with other members of our industry."
"We are delighted that IMAX has chosen to list on the New York Stock
Exchange," said Duncan L. Niederauer, CEO, NYSE Euronext. "IMAX is one
of the world's leading entertainment technology companies. Its global
network is among the most innovative, highly visible platforms in the
world. Our strategies are aligned, and we look forward to a successful
global partnership with IMAX and its shareholders."
About IMAX Corporation
IMAX Corporation is one of the world's leading entertainment and
technology companies, specializing in the creation and delivery of
premium, awe-inspiring entertainment experiences. With a growing suite
of cutting-edge motion picture and sound technologies, and a globally
recognized entertainment brand, IMAX is singularly situated at the
convergence of the entertainment industry, innovation and the digital
media world. The industry's top filmmakers and studios are utilizing
IMAX theatres to connect with audiences in extraordinary ways, and as
such, the IMAX network is among the most important and successful
theatrical distribution platforms for major event films around the
globe. The Company's new digital projection and sound systems -
combined with a growing blockbuster film slate - are fueling the rapid
expansion of the IMAX network in established markets such as North
America, Western Europe, and Japan, as well as emerging markets such as
China and Russia.
