IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced the pending transfer of the listing of its common stock from the NASDAQ Global Select Market ("NASDAQ") to the New York Stock Exchange ("NYSE").
Press Release from IMAX Corp.
NEW YORK, Jan. 31, 2011 (GLOBE NEWSWIRE) -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced the pending transfer of the listing of its common stock from the NASDAQ Global Select Market ("NASDAQ") to the New York Stock Exchange ("NYSE"). The Company expects to begin trading on the NYSE on February 11, 2011, under its current ticker symbol "IMAX" and will ring the opening bell that morning. The Company will continue to trade under the ticker symbol "IMAX" on the NASDAQ until the transfer is completed. The Company's trading on the Toronto Stock Exchange, under the ticker symbol "IMX," will remain unchanged.
"Given the global nature and expansion of our brand, the New York Stock Exchange offers an ideal platform for the continued growth of our Company," said IMAX CEO, Richard L. Gelfond. "Our affiliation with the NYSE will provide us access to the markets we intend to reach and puts us in good company with other members of our industry."
"We are delighted that IMAX has chosen to list on the New York Stock Exchange," said Duncan L. Niederauer, CEO, NYSE Euronext. "IMAX is one of the world's leading entertainment technology companies. Its global network is among the most innovative, highly visible platforms in the world. Our strategies are aligned, and we look forward to a successful global partnership with IMAX and its shareholders."
About IMAX CorporationIMAX Corporation is one of the world's leading entertainment and technology companies, specializing in the creation and delivery of premium, awe-inspiring entertainment experiences. With a growing suite of cutting-edge motion picture and sound technologies, and a globally recognized entertainment brand, IMAX is singularly situated at the convergence of the entertainment industry, innovation and the digital media world. The industry's top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and as such, the IMAX network is among the most important and successful theatrical distribution platforms for major event films around the globe. The Company's new digital projection and sound systems - combined with a growing blockbuster film slate - are fueling the rapid expansion of the IMAX network in established markets such as North America, Western Europe, and Japan, as well as emerging markets such as China and Russia. IMAX theaters deliver the world's best cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR (Digital Re-Mastering) technologies. IMAX DMR enables virtually any motion picture to be transformed into the unparalleled image and sound quality of The IMAX Experience.
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo and Shanghai. As of September 30, 2010, there were 470 IMAX theatres (348 commercial, 122 institutional) operating in 45 countries.
About NYSE EuronextNYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets -- the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca -- represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com