Konami stocks will no longer trade on the floor of the New York Stock Exchange. The company still maintains a presence in both the London and Tokyo Stock Exchanges, but as of last Friday, April 24, it voluntarily delisted itself from the NYSE.
The low volume of Konami stocks traded on the NYSE is why Konami believes "the continued listing on the NYSE is not economically justified."
Voluntary delisting can be a part of an internal restructuring, and anyone who has been following Konami in the slightest knows there have been quite a few shakeups within the company. In March, Konami rebranded Kojima Productions to Konami Digital Productions. This spurred rumors that Hideo Kojima would leave Konami after the release of Metal Gear Solid V.
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The low volume of Konami stocks traded on the NYSE is why Konami believes "the continued listing on the NYSE is not economically justified."
Voluntary delisting can be a part of an internal restructuring, and anyone who has been following Konami in the slightest knows there have been quite a few shakeups within the company. In March, Konami rebranded Kojima Productions to Konami Digital Productions. This spurred rumors that Hideo Kojima would leave Konami after the release of Metal Gear Solid V.
Continue reading…
Continue reading...