Dan Romero
@dwr.eth
Anyone know why they would switch from NYSE to Nasdaq? https://www.cnbc.com/2023/09/14/doordash-will-switch-to-nasdaq-from-the-nyse-in-rare-exchange-hop.html
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John
@silentjohn.eth
NASDAQ is cheaper to list on.
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Leo
@lsn
Is that a big factor? Looks like the max fee to be listed is $500k Surely a bigger factor is potential upside in stock price This looks like a bit that Nasdaq will outperform NYSE over the next few years and that DASH can benefit by being pulled along by the coattails a bit
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Leo
@lsn
Max fee for NYSE
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John
@silentjohn.eth
ETFs do not affect stock price greatly. Price discovery is almost entirely with the stock. NYSE is also has deeper liquidity. Cost and being associated with with a "tech" exchange would be the reasons I guess. 🤷♂️
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