Oracle transferring listing to NYSE

Oracle transferring listing from the Nasdaq to the New York Stock Exchange

Associated Press

NEW YORK (AP) -- Oracle plans to transfer its listing to the New York Stock Exchange from the Nasdaq in a move that the NYSE says will be its largest market transfer listing to date.

Oracle Corp., which has a market capitalization of $156.4 billion, will list on the NYSE on July 15. The Redwood Shores, Calif., company will be the fourth Nasdaq-100 company to transfer to the NYSE in the past year.

Since 2000, 216 companies with a total combined market capitalization of $704.7 billion will have transferred or announced plans to transfer to the NYSE. This includes Oracle.

On Thursday, Oracle's fiscal fourth-quarter report showed that software sales are still slowing. Its adjusted earnings met analysts' expectations, but revenue fell short of Wall Street's view.

Shares of Oracle dropped $2.63, or 7.9 percent, to $30.58 in premarket trading on Friday.

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