Garmin, Ltd. completed its listing transfer and will begin trading Tuesday as an NYSE-listed company. Garmin said it could now leverage all of the advantages of membership in the NYSE community.
“Garmin is pleased to join the NYSE alongside many of the world’s most well-established and regarded companies,” said Cliff Pemble, President and CEO, Garmin. “Garmin is uniquely positioned as both a highly respected consumer brand and a strong industrial player. We believe this move complements our strong brand and will provide meaningful and long-term value for our shareholders.”
“We are excited to welcome Garmin as it transfers its listing to the NYSE,” said Stacey Cunningham, president, NYSE Group. “We look forward to working with Garmin as it helps millions of active lifestyle customers pursue their passions.”
Nearly 300 companies have switched their listings to the NYSE since 2000, representing more than $1 trillion in current market value.