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CNBC's UK Exchange newsletter: AstraZeneca gets a shot on Wall Street

1. AstraZeneca plans to delist ADRs from Nasdaq, listing on NYSE instead. 2. This move aims to attract global investors and improve liquidity. 3. Shares rose 0.8% following the announcement, signaling investor optimism. 4. CEO Pascal Soriot may consider full US listing due to UK frustrations. 5. UK government should act to prevent further corporate defections abroad.

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FAQ

Why Bullish?

AZ's transition to NYSE may enhance liquidity and attract new investors, similar to other companies that switched listings, which often saw positive market responses.

How important is it?

The change in listing structure is significant for AZ's market accessibility, align with its business strategy, and signals potential AP for institutional investors.

Why Long Term?

The change in listing structure is likely to have a lasting impact on investor perception and stock liquidity, potentially bolstering long-term capital inflow.

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