"We believe this move will provide us with greater
cost-effectiveness and access to Nasdaq's unique portfolio of
tools and services to connect with our investors more
efficiently," Jamie Caulfield, Pepsi's senior vice president of
investor relations, said in a statement.
According to the NYSE, PepsiCo traces its listing date to Dec.
18, 1919, when it was known as Loft Inc.
The shares are expected to begin trading on the Nasdaq on Dec.
20.
On the tech-heavy Nasdaq, Pepsi will join some of the most
valuable companies in the world such as Apple Inc <AAPL.O> and
Alphabet Inc <GOOGL.O>.
(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
![](column_spacer.png) |
|