Hilton and GM Set Nasdaq Listing Moves for Nov. 5 and Nov. 17, Keeping Tickers

Hilton Worldwide Holdings plans to move its common stock from the New York Stock Exchange to Nasdaq, and General Motors plans the same move about two weeks later. Both companies say their ticker symbols will not change, and neither says existing shareholders need to take any step.

The two announcements add to a listing contest that has run between the exchanges since at least 2023. They also raise a narrower question for index investors: whether a Nasdaq listing brings a company closer to inclusion in the Nasdaq-100 index. General Motors addresses that point in its announcement. Hilton does not link its move to the index.

Hilton's Timetable: Same Ticker, Nasdaq Trading From Nov. 5

Hilton announced its plan on Oct. 20, 2026, in a press release that it filed with the Securities and Exchange Commission as an exhibit to a Form 8-K. The company says its shares will trade on the NYSE through market close on Nov. 4, 2026, and begin trading on Nasdaq at market open on Nov. 5. The ticker stays HLT.

The 8-K reports the change under Item 3.01, which covers notices of delisting or transfers of a listing. It describes the NYSE exit as a voluntary withdrawal authorized by the board, and states that the common stock has been approved for listing on Nasdaq. The press release is furnished under Item 7.01, which covers Regulation FD disclosure.

Hilton ties the move to its profile as a fast-growing, capital-efficient hospitality company. The release cites its asset-light model, its brands, its culture, and its commercial and technology platforms. Chief Executive Chris Nassetta says Nasdaq aligns with the company's growth goals, and Nasdaq's chair and chief executive, Adena Friedman, welcomed Hilton.

The release also recalls Hilton's history on the NYSE. It notes a 1946 listing as the first hotel company on the exchange and a 2013 return to public markets after the company was privately held by Blackstone. Nassetta thanked the NYSE for the partnership.

The release says the transfer does not change Hilton's business strategy, capital allocation priorities, or commitments to guests, owners, team members and shareholders.

GM's Filing: Nasdaq Trading From Nov. 17 and a Bylaw Change

General Motors' Form 8-K is dated Oct. 27, 2026. The filing lists Oct. 26, 2026 as its date of report, the date of the earliest event reported. It states that Nasdaq Stock Market LLC has approved the listing. GM expects its common stock to stop trading on the NYSE at the close on Nov. 16, 2026, and to begin trading on the Nasdaq Global Select Market on Nov. 17.

The symbol stays GM. In its press release, dated Oct. 27, GM says existing stockholders do not need to act for the transfer to take effect. Chief Financial Officer Paul Jacobson says Nasdaq is a natural home for GM's listing as the company grows.

GM's filing is the only one of the two to report a bylaw amendment, filed under Item 5.03. The board changed the criteria in the definition of "Independent Director" in its amended and restated bylaws to match the expected Nasdaq listing. The new wording takes effect when GM shares begin trading on Nasdaq, and the bylaws are filed as Exhibit 3.1.

What Shareholders Keep, and What Changes on the First Trading Day

Both companies keep their tickers, and neither asks shareholders to act. GM's release states that existing stockholders need not take action, and Hilton's release makes the same point about its shares.

The visible change is the venue. Hilton's shares move from the NYSE to Nasdaq with the Nov. 5 open. GM's shares move after the NYSE closes on Nov. 16, when Nasdaq trading starts the following day. In both cases, the last NYSE session and the first Nasdaq session fall on consecutive trading days.

Neither ticker changes, so the symbol on a quote screen stays the same across each switch. The only governance change disclosed in either filing is GM's bylaw amendment, which takes effect with its first Nasdaq trading day.

Nasdaq-100 Eligibility and the Seasoning Rule

GM's release says a Nasdaq listing makes the company potentially eligible for inclusion in the Nasdaq-100 Index. That is a statement of eligibility, not a decision to add the stock. Hilton has not linked its move to the index in either its release or its 8-K.

A comment letter on Nasdaq proposal SR-NASDAQ-2026-004 describes the current rule as a three-month seasoning period before a newly listed security can be added to the Nasdaq-100. It describes a proposed Fast Entry change that would cut that period to 15 trading days, about three calendar weeks, for companies ranked among the top 40 current Nasdaq-100 constituents by market capitalization.

The commenter argues that the three-month window gives a new listing time to build a trading history and liquidity, and lets institutions form their own valuations before index funds must buy. The letter says a company valued at roughly $1.5 trillion to $2 trillion could reach 5% to 10% or more of the index, forcing passive funds such as QQQ and QQQM to buy within a narrow window.

The letter asks the committee either to keep the three-month minimum or to tie seasoning to a stock's expected index weight at inclusion. It also asks the committee to remove a 5x float multiplier and keep the 10% minimum free-float requirement, or to use float-adjusted weighting.

Whether Nasdaq has adopted the Fast Entry change has not been confirmed. The seasoning rule is described for newly listed securities, and whether it would apply to Hilton and GM, both already listed on the NYSE, has not been confirmed.

A Listing Contest Between Two Exchanges

A Reuters factbox from November 2025 lists NYSE-to-Nasdaq moves by effective date. The list runs from GE HealthCare (Jan. 4, 2023) through Cooper Companies (Sept. 26, 2023), DoorDash (Sept. 27, 2023), Linde (Nov. 6, 2023), Campbell's (Aug. 19, 2024), Palantir (Nov. 26, 2024), Thomson Reuters (Feb. 25, 2025), Kimberly-Clark (May 30, 2025), Etsy (Oct. 13, 2025) and Fiserv (Nov. 11, 2025).

For most of those moves, the factbox's announcement dates show 11 to 19 days between the announcement and the first Nasdaq trading day. GE HealthCare is the longest at 35 days, from its Nov. 30, 2022 announcement. Measured from their announcement dates, Hilton's gap is 16 days and GM's is 21 days.

The factbox lists Walmart's move as effective Dec. 9, 2025, announced Nov. 20, 2025, and reflecting a push toward technology through AI integration and faster e-commerce growth. It describes Nasdaq as mainly known as the home of technology companies, and the NYSE as the traditional home of the largest U.S. industrial and financial companies. Completion of the Walmart move has not been confirmed.

Hilton and GM announced their moves in October 2026, after the last entry in the factbox. Hilton's stated reasons center on its growth and asset-light model. GM's release is the one that points to index eligibility. For the NYSE, the two announcements add two large names to a run of departures that the factbox dates back to 2023.