Sunrise Communications AG has announced the delisting of its Class A American Depositary Shares (ADSs) from Nasdaq, scheduled for mid-August 2025. This decision aligns with the company's plan, following its spin-off from Liberty Global, to have the Nasdaq listing as a temporary measure to facilitate initial holding and trading. The delisting is expected to streamline regulatory processes and reduce costs, as Switzerland has become the primary trading market for Sunrise shares. Post-delisting, the Class A ADSs may continue to trade in the U.S. OTC market. Sunrise also plans to terminate its sponsored ADS program and deregister its Class A and Class B ADSs, aiming to end reporting obligations under U.S. regulations as soon as permissible.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.