Abacus Global Management plans to transfer its stock listing to the NYSE, starting December 30, 2025.
Quiver AI Summary
Abacus Global Management, Inc. has announced its plan to transfer its Class A common stock listing from the Nasdaq to the New York Stock Exchange (NYSE), with trading expected to commence under the new ticker symbol "ABX" on December 30, 2025. Until then, the stock will continue to trade as "ABL" on Nasdaq. In addition, Abacus's 9.875% Fixed Rate Senior Notes will also be listed on the NYSE under the new symbol "ABXL" after the transfer. The move is framed as a strategic decision to enhance shareholder value, leveraging the NYSE's global reach and market liquidity according to CEO Jay Jackson. NYSE Chief Development Officer Chris Taylor welcomed Abacus, highlighting its potential to drive innovation and value.
Potential Positives
- Abacus is transferring its listing to the NYSE, which is expected to enhance its visibility and attract a broader base of institutional investors.
- The move is portrayed as a strategic decision to create long-term shareholder value, indicating confidence in future growth opportunities.
- Abacus will leverage the NYSE’s strong market liquidity and global reach to strengthen its position in the alternative asset management space.
- The transition signifies Abacus' commitment to innovation and delivering long-term value, potentially fostering enhanced trust and interest from stakeholders.
Potential Negatives
- The transfer of the company's stock listing from Nasdaq to NYSE may raise concerns among investors regarding market confidence, as companies typically seek such changes for strategic reasons when faced with challenges on their current exchange.
- The new ticker symbol "ABX" could lead to short-term confusion among investors and traders who are familiar with the previous symbol "ABL," potentially impacting stock liquidity during the transition.
- The announcement presents an opportunity for interpretation as Abacus Global Management might be perceived as needing to leverage the NYSE's resources to enhance visibility or investor interest, which could reflect negatively on its current standing in the market.
FAQ
Why is Abacus Global Management transferring its stock listing?
Abacus is transferring to the NYSE to enhance shareholder value and leverage the exchange's global reach and market liquidity.
When will the stock transfer to the NYSE take place?
The transfer is expected to start on or about December 30, 2025.
What will be the new ticker symbol for Abacus on the NYSE?
Abacus will trade under the new ticker symbol "ABX" on the NYSE.
What happens to Abacus shares on Nasdaq?
Abacus shares will continue to trade under the ticker symbol "ABL" on Nasdaq until market close on December 29, 2025.
What is the significance of the NYSE for Abacus?
The NYSE provides a strong institutional investor base and deep market liquidity, supporting Abacus's growth strategy.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ABL Revenue
$ABL had revenues of $63M in Q3 2025. This is an increase of 126.08% from the same period in the prior year.
You can track ABL financials on Quiver Quantitative's ABL stock page.
$ABL Hedge Fund Activity
We have seen 84 institutional investors add shares of $ABL stock to their portfolio, and 61 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 2,346,812 shares (+553.0%) to their portfolio in Q3 2025, for an estimated $13,447,232
- PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC removed 2,069,221 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $10,635,795
- VANGUARD GROUP INC added 1,214,422 shares (+97.8%) to their portfolio in Q3 2025, for an estimated $6,958,638
- MILLENNIUM MANAGEMENT LLC removed 857,768 shares (-78.1%) from their portfolio in Q3 2025, for an estimated $4,915,010
- PRINCIPAL FINANCIAL GROUP INC removed 789,060 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $4,521,313
- STIEVEN CAPITAL ADVISORS, L.P. removed 743,310 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,820,613
- GRATIA CAPITAL, LLC removed 627,402 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,224,846
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ABL Analyst Ratings
Wall Street analysts have issued reports on $ABL in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 07/02/2025
To track analyst ratings and price targets for $ABL, check out Quiver Quantitative's $ABL forecast page.
Full Release
ORLANDO, Fla., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today announced its plans to transfer the listing of its [Class A] common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market LLC (“Nasdaq”). Abacus expects to begin trading as a NYSE listed company on or about December 30, 2025, and will commence trading under new ticker symbol “ABX”. The Company’s [Class A] common stock will continue to trade under the ticker symbol “ABL” on Nasdaq until the close of market on December 29, 2025.
In addition, the Company’s 9.875% Fixed Rate Senior Notes due 2028 currently trading on Nasdaq under symbol “ABLLL” will transfer to NYSE and are expected to begin trading on or about December 30, 2025, under new ticker symbol “ABXL”.
“After deliberate consideration, we are excited to announce our decision to transfer our listing to the New York Stock Exchange, a strategic move that underscores Abacus’ commitment to creating long-term shareholder value,” said Jay Jackson, Chairman and Chief Executive Officer of Abacus. “The NYSE’s global reach, strong institutional investor base, and deep market liquidity provide an exceptional foundation for our continued growth. We are well positioned to leverage the advantages and unique offerings of the NYSE platform as we execute on our strategy to deliver value for our shareholders.”
“We are pleased to welcome Abacus Global Management to the New York Stock Exchange,” said Chris Taylor, Chief Development Officer, NYSE Group. “As it continues to drive innovation and deliver long-term value for its stakeholders, Abacus is a strong addition to the NYSE community."
About Abacus
Abacus Global Management (NYSE: ABX) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.
For more information, please visit abacusgm.com .
Contacts
:
Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
[email protected]
(321) 290-1198
David Jackson – Managing Director of Investor Relations
[email protected]
(321) 299-0716
Abacus Global Management Public Relations
[email protected]
