Tecnoglass Inc. (NASDAQ: TGLS) confirmed that it has decided to transfer its ordinary shares to the New York Stock Exchange (NYSE) from the NASDAQ Stock Market (NASDAQ). The Company is anticipating commencing trading on the NYSE on May 9, 2022, using its current symbol “TGLS” and will continue to trade on NASDAQ until the transfer takes place.
Tecnoglass stated that its NYSE listing is a significant step forward in the business's progress as a publicly-traded company. Many of the world's most well-known and valuable corporations are listed on the NYSE. The company believes that taking this step will give it unrivaled exposure, allowing it to reach out to more investors, boost trading liquidity, and raise visibility among a wide range of stakeholders, all of which will help to increase the value of our phenomenally successful company.
Furthermore, the company's CFO expressed his delight at joining the world's largest stock market. It is becoming a member of a small group of organizations that follow best practices and corporate governance. Thank you to the New York Stock Exchange for recognizing the Company's excellent strategy and path. The company also wants to express gratitude to NASDAQ for its support and engagement with Tecnoglass since it became a publicly-traded company.
Tecnoglass has earned a reputation as a prominent manufacturer of architectural glass, windows, and related aluminum products for multi-family, single-family, and commercial applications. Tecnoglass is the second largest glass fabricator in the United States and Latin America's leading architectural glass transformation company. The Company's 3.5 million square foot, vertically integrated, advanced manufacturing complex in Barranquilla, Colombia, gives efficient access to over 1,000 global clients, with the United States accounting for more than 90% of revenues.