The company expects that the paired shares will commence trading on Nasdaq on June 26, 2018, and will continue to be listed under the "STAY" ticker symbol. The company will continue to trade on the NYSE until the transfer is completed.
"As the leader in the mid-priced extended stay segment, we are thrilled to join other iconic brands listed on Nasdaq," said Jonathan Halkyard, president and chief executive officer. "The partnership with Nasdaq will provide us with a comprehensive suite of trading services, visibility assets and investor relations intelligence powered by cutting-edge technology. We look forward to leveraging Nasdaq's platform to benefit our investors and customers worldwide."
"Extended Stay America is known for its commitment in providing the best value to business and individual guests working on projects and in transitions," said Nelson Griggs, president, Nasdaq Stock Exchange "Nasdaq is proud to welcome Extended Stay America to our market and we look forward to a long-term partnership with the company and its shareholders."