Ferrovial hopes to debut on Nasdaq on May 9

The company told CNMV it has completed the regulatory review process to debut on the US stock index. The common stock will trade under the ticker symbol “FER.”

Ferrovial has completed regulatory review in the United States. list the information on Nasdaq and asked the US Securities and Exchange Commission (SEC) to expedite the process and declare the registration form effective on May 8th. Wherein, expects to debut on the US index on “May 9 or thereabouts.”.

According to the company, The common stock will trade under the ticker symbol “FER.”. In addition, they will continue to trade under the same symbol in Spain and the Netherlands.

In a statement from Ferrovial, its president, Rafael del PinoRemember, the United States is a market that has been building highways for over 20 years and currently manages assets in Texas, Virginia and North Carolinaand developing a new New York JFK Airport Terminal One.

“Our common stock listing on Nasdaq is the first for an Ibex 35 company and is the result of years of work creating innovative infrastructure solutions for American communities,” the manager says.

The company announced its decision on February 28, 2023 move your headquarters to Holland with the goal of listing in Amsterdam as well as Spain and then making the jump to the New York Stock Exchange.

The debut on the Dutch square took place on June 16 and ended price increase by 3.67%. Ferrovial’s capitalization currently stands at €25.346 million and has grown by 3.63% since the beginning of the year.

Now, having entered the American market, the group intends to “significantly increase” its investment base in the US in the coming years, in a context in which “there is expected to be high demand for infrastructure improvements and more limited available government funding.”