Gap Ticker Symbol Change: What You Need to Know
Background on the Gap
Gap Inc. is a global specialty retailer operating three brands: Gap, Old Navy, and Banana Republic. The company was founded in 1969 and is headquartered in San Francisco, California.
The Ticker Symbol Change
Effective August 22, 2024, the Gap's common shares will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol "GAP." This change coincides with the company's 55th anniversary.
Reasons for the Change
According to Gap Inc., the ticker symbol change aims to reflect the company's:
- Simplified and modernized brand identity
- Continued growth and evolution
- Strengthened brand portfolio and strategic alignment
Impact on Shareholders
The ticker symbol change will not affect the value or ownership of Gap Inc. shares. Shareholders will automatically receive new shares with the updated ticker symbol on August 22, 2024.
Additional Information
For more information on the ticker symbol change, please refer to the following resources:
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