Avnet announced that it will transfer its stock exchange listing from the New York Stock Exchange to The Nasdaq Global Select Market (Nasdaq). The company expects that its common stock will commence trading on Nasdaq on May 8, and will continue to be listed under the “AVT” ticker symbol.
“Since 1921, Avnet has always adapted to changing markets while staying focused on helping our customers grow their businesses more efficiently,” said Bill Amelio, CEO, Avnet. “Listing on Nasdaq positions Avnet alongside other top-tier technology companies that are leading their industries and guiding technology solutions to market. We are confident this will be a seamless transition for our company, our shareholders and our 15,000+ employees across the globe.”
“Avnet represents the growth-oriented and industry-defining technology companies that call Nasdaq home,” said Adena Friedman, President and CEO, Nasdaq. “Nasdaq is driven by the same entrepreneurial spirit valued by Avnet and we look forward to being a long-term partner supporting their continued success.”