IMAX is leaving the Toronto stock exchange via a voluntary de-listing. Instead the giant theatre screen specialists will focus on the New York Stock Exchange (NYSE) where it also has a listing.

The switch will be made on January 19th, and Canadian shareholders will automatically be able to trade on the NYSE.

IMAX, in a statement, said low trading on the Toronto exchange plus the high costs of maintaining a listing, meant it made more financial and administrative sense to switch.

IMAX was founded in Canada and opened its first giant screen in Toronto in May 1971. Today IMAX is headquartered in New York, Los Angeles – and Toronto. As at September 30th last year there were 880 IMAX theatres in commercial and institutional venues.

Other posts by :

1. Bank: AST SpaceMobile will orbit 356 satellites by 2030
2. SpaceX launches 600th rocket
3. Starlink: 10m customers and counting
4. SES predicts end of ‘big’ Geo satellites
5. Amazon Leo gets approval for 4,504 extra satellites
6. SpaceX gets a portion of India
7. TerreStar wants to build LEO network
8. Musk: “No Starlink phone”
9. Russia accused of eavesdropping on satellites

Categories: Articles, Business