Axa will leave Wall Street in ten days
Ten days. This is the time remaining to AXA shares for a listing on the American Stock Exchange, the New York Stock Exchange. As announced January 25 last, the French insurer plans to leave the financial markets overseas March 26. Axa filed in that document with the Securities and Exchange Commission (SEC), the U.S. markets. Unsubscribing should be effective within 90 days.
Axa has been listed since 1996 in New York through ADS (American depository shares), certificates of deposit. "Subsequently, the ADS should be negotiated on the market for U.S. OTC (TBT) and will be quoted on the OTC platform QX low interest rate personal loans . The quotations are available on www.otcqx.com "warns a statement from the group.
As for Allianz, which has its withdrawal from the New York Stock Exchange, AXA believes that the liquidity and volume traded on the NYSE were not developed. "The market has not developed sufficient liquidity to be attractive for most institutional investors, who continue to prefer our primary market of Euronext Paris, justified, in January, Chief Executive Henri de Castries.
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