T-Mobile US Inc. will transfer its listing from the New York Stock Exchange to the Nasdaq in a move that the company said it expects will be seamless for investors and shareholders.
Bellevue, Washington-based T-Mobile overtook Sprint Corp. in July to become the third-largest U.S. wireless carrier by users. T-Mobile shares are expected to begin trading on Nasdaq Oct. 27, keeping its TMUS ticker, the company said in a statement Friday.
T-Mobile rose 1.1 percent to $39.94 on Thursday in New York. The stock is up 48 percent this year, compared with a 2.9 percent gain by Sprint.