Nah, really the only reason would be Sarbanes-Oxley. Volvo (the car maker and certainly not from Singapore) also decided today to delist from NYSE.
Lots of NYSE/NASDAQ listed companies would want to, but are deterred by the PR backlash and administrative burden of delisting. But no company in it right mind starts a listing at NYSE/NASDAW nowadays.
Actually, the Dutch government made only one but very hard demand on approving a NYSE / Euronext merger: that the merger would not bring SOX to Euronext.
About the only good thing of SOX is that it gives me a fulltime wellpayed job ;-)
Reader Comments (Page 1 of 1)
Xander @ Jun 14th 2007 1:17PM
Nah, really the only reason would be Sarbanes-Oxley. Volvo (the car maker and certainly not from Singapore) also decided today to delist from NYSE.
Lots of NYSE/NASDAQ listed companies would want to, but are deterred by the PR backlash and administrative burden of delisting. But no company in it right mind starts a listing at NYSE/NASDAW nowadays.
Actually, the Dutch government made only one but very hard demand on approving a NYSE / Euronext merger: that the merger would not bring SOX to Euronext.
About the only good thing of SOX is that it gives me a fulltime wellpayed job ;-)