PokerStars and Full Tilt owner Amaya has been approved to list its share on New York’s NASDAQ Stock Market from next month, with the company’s chairman and CEO David Baazov describing it as a “milestone” for the business.
Common shares in Amaya will be listed on the NASDAQ Global Select Market, the exchange’s top-tier trading platform, and will commence trading from June 8th under the symbol AYA. The operator’s common shares will continue to trade on the Toronto Stock Exchange, also under the AYA symbol.
Amaya said that its approval for trading on the Global Select Market showed that it had met “the highest of quantitative and qualitative listing standards, related to, among other things, financial condition, liquidity and corporate governance practices.”
“Our listing on the Nasdaq is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as a public company,” Amaya chairman and chief executive David Baazov commented. “We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base.”
Amaya’s shares have been listed on the Toronto Stock Exchange (TSX), the largest stock exchange in Canada and third largest in North America, since August 2013. Prior to that, its shares traded on Canada’s TSX Venture Exchange, the public venture capital marketplace for emerging companies.
The operator had revealed in March this year that it would seek approval to list on the NASDAQ.