PepsiCo. is grab to the Nasdaq, where it will list beginning Dec. 19.
At $165 billion, the soft-drink maker suits the largest company by market value to jump exchange listings, Nasdaq said. Pepsi asserted Friday the move from the New York Stock Exchange will be sundry cost-effective and give it access to Nasdaq’s tools and services. Its ticker emblematic of, PEP, will stay the same.
Pepsi will be associating itself with some of the beefiest, and hottest, U.S. tech company stocks and potentially be eligible to join the Nasdaq 100 measure, tracked by the $58 billion PowerShares QQQ exchange traded fund.
But it also wish find the company of other consumer product giants, such as Kraft Heinz, Starbucks and Mondelez. Also flogging to the tech-heavy Nasdaq this year were Workday, with a $21.8 billion supermarket value; Principal Financial, at $20.7 billion; and Brookfield Property Cohorts, at $15.4 billion.
A NYSE spokesperson had no comment for CNBC.