Infrastructure company Ferrovial plans to expand its listings with a Nasdaq listing

  • Ferrovial plans to list its shares on Nasdaq in the first quarter
  • The listing is expected to take place in 2024
  • Ferrovial estimates its initial listing price on Nasdaq based on its current trading price on Euronext Amsterdam and the Spanish stock exchange
  • Ferrovial’s Amsterdam-listed shares traded 1.6% higher at EUR33.67
  • The company had a market capitalization of 24.42 billion euros ($26.71 billion) as of Friday’s close
  • Ferrovial previously moved its main listing to Euronext Amsterdam and expressed its intention to add a listing in the U.S.

Ferrovial, the European infrastructure and construction company, has announced its plans to list its shares on Nasdaq in the first quarter of 2024. This move will add to its current listings on Euronext Amsterdam and the Spanish stock exchange. The company estimates its initial listing price on Nasdaq to be based on the current trading price of its ordinary shares on Euronext Amsterdam and the Spanish stock exchange. Ferrovial’s Amsterdam-listed shares traded 1.6% higher at EUR33.67. With a market capitalization of 24.42 billion euros ($26.71 billion) as of Friday’s close, Ferrovial previously moved its main listing to Euronext Amsterdam and expressed its intention to add a listing in the U.S.

Public Companies: Ferrovial (Unknown)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about Ferrovial’s plans to list its shares on Nasdaq in the first quarter of 2024. It includes details about the company’s current listings, its notification to the U.S. Securities and Exchange Commission, and the estimated initial listing price. The article also mentions the company’s market capitalization and its previous announcement of adding a listing in the U.S. while keeping its Madrid listing.

Noise Level: 7
Justification: The article provides information about Ferrovial’s plans to list its shares on Nasdaq, including the expected timing and the estimated initial listing price. However, the article lacks analysis or insights into the long-term trends or consequences of this decision. It also does not provide any evidence or data to support its claims. Overall, the article is mostly focused on reporting the company’s actions without providing much depth or actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: Nasdaq, Amsterdam Stock Exchange, Spanish Stock Exchange

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial topic of Ferrovial’s plans to list its shares on Nasdaq, which will impact the financial markets and the company itself. There is no mention of any extreme event.

Reported publicly: www.marketwatch.com