Are there any S&P 500 stocks NOT listed on the NYSE？

Are There Any S&P 500 Stocks NOT Listed on the NYSE?

Can you believe it? I was hanging out at my favorite coffee shop when I overheard a couple of finance bros arguing about the S&P 500 and the New York Stock Exchange. It got me thinking—are there any S&P 500 stocks not listed on the NYSE? So, I went digging and here’s what I found:

Hold Your Horses: A Few Aren’t on the NYSE

Yes, it’s true. Not all S&P 500 stocks reside on the hallowed grounds of the Big Board. There’s a small group of rebels who’ve chosen to dance elsewhere. Let’s take a closer look at these outcasts:

Why the Heck Are They Hiding Out?

So, why have these companies thumbed their noses at the NYSE and opted for other exchanges? Well, it’s a bit like asking why some people prefer hiking in the woods over sipping cocktails on the beach. They’ve got their reasons, quirky as they may seem:

1. Berkshire Hathaway: This investing giant likes to run things its own way under the watchful eye of Warren Buffett. They’ve been on the NYSE since 1976, but decided to keep their stock unlisted, so they can issue new shares without seeking regulatory approval.

2. Google Parent Company: Alphabet, the parent company of Google, took its two shares (GOOG and GOOGL) public on the NASDAQ in 2004. The reason? They wanted to maintain control over their voting rights and keep the company independent.

Meet the Non-NYSE Exchanges: Nasdaq, Cboe, and Bats

So, if these companies aren’t on the NYSE, where on earth are they? They’ve chosen to cozy up with other major exchanges in the US:

Nasdaq: The Nasdaq (National Association of Securities Dealers Automated Quotations) is a haven for the tech world. It’s where you’ll find giants like Apple, Amazon, and Tesla, making it the second-largest exchange in the US.

Cboe Global Markets (Cboe): Cboe, pronounced “see-bow,” is another bigwig in the exchange game. It’s known for its trading in options and futures, and it’s where Berkshire Hathaway’s BRK/A and BRK/B shares reside.

Bats Global Markets (Bats): Bats, standing for “Better Alternative Trading System,” is a relative newcomer to the exchange scene. It’s got a reputation for being nimble and efficient, and it’s where Google Parent Company’s GOOG and GOOGL shares are listed.

So, Are They Missing Out?

Could these S&P 500 companies be kicking themselves for not being on the NYSE? Surprisingly, no! In fact, there are some perks to being away from the Big Board:

1. Lower Listing Fees: The NYSE is known to have higher listing fees compared to other exchanges. So, those who choose to list elsewhere can save a pretty penny.

2. More Control: Companies can have more direct control over their stock and how it’s traded on exchanges other than the NYSE.

3. Innovation and Tech: Nasdaq, Cboe, and Bats are often seen as more innovative and tech-forward than the NYSE. They’ve got features like extended trading hours and advanced trading technology.

Time for a Confession: I’m a NYSE Fanboy

Okay, I’ll admit it—I’m a bit of a NYSE fanboy. It’s the Big Board, after all! It’s like attending a concert in a legendary stadium versus a local club. There’s a certain prestige and history associated with it. But, I gotta give credit where it’s due: the other exchanges are holding their own and offering unique advantages to companies.

Your Turn: What Do You Think?

Are you surprised by the fact that there are S&P 500 stocks not listed on the NYSE? What do you think of the reasons behind their choices? Do you prefer the NYSE or do you think the other exchanges are just as good? Share your thoughts in the comments below!