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Novo Nordisk open to New York listing upgrade, CEO Doustdar tells FT

Summary by WTVB
Sept 23 (Reuters) – Novo Nordisk is open to the ​idea of ‌upgrading its New York listing as part of efforts to ‌raise ​the Danish ⁠weight-loss drugmaker’s profile ⁠in the country,  its chief executive told Financial Times ​in an interview published on ⁠Wednesday. “I clearly ⁠do see ​some advantages with that,” ​CEO Mike Doustdar told ‌the newspaper when asked whether Novo would consider ⁠a direct listing on the New York Stock ⁠Exchange, ‌replaci…

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Novo Nordisk open to direct New York listing, CEO Doustdar tells FT

·London, United Kingdom
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Novo Nordisk is considering listing its shares directly on the New York Stock Exchange, rather than having American investors trade them through depositary receipts. The company's CEO, Mike Doustdar, said that such a move has certain advantages, but emphasized that the company is currently not actively working on its implementation. The idea is being considered...

Novo may be open to a direct listing in the US alongside its primary listing in Copenhagen instead of the current listing of so-called American Depositary Receipts (ADRs), which give US investors access to the stock, the Financial Times reports.

Novo CEO ready to consider swapping ADR for direct listing on US stock exchange. Shares of Danish pharmaceutical company Novo are currently available on the US market via ADR, or American Depository Receipt, but the company's CEO indicated that he is ready to consider swapping it for a direct listing. US Stock Exchange, Board of Medicines, Stock Exchange, Stock, Investing.

Novo CEO Mike Doustdar is open to listing the Danish pharmaceutical company's shares directly on the New York Stock Exchange. "I definitely see some advantages to that," he tells the Financial Times.

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BizToc broke the news on Wednesday, September 23, 2026.
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