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Light & Wonder Plans Nasdaq Delisting for ASX Listing

Story Highlights
  • Light & Wonder plans to delist from Nasdaq and list solely on ASX by November 13, 2025.
  • The move aims to align with growth plans and consolidate trading liquidity on ASX, affecting Nasdaq shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Light & Wonder Plans Nasdaq Delisting for ASX Listing

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Light & Wonder ( (LNW) ) just unveiled an announcement.

On October 13, 2025, Light & Wonder, Inc. announced its plan to delist from the Nasdaq Stock Market and transition to a sole primary listing on the Australian Securities Exchange (ASX), effective November 13, 2025. This strategic move aims to align the company’s capital markets presence with its long-term growth plans and consolidate trading liquidity on the ASX, which has a strong understanding of the gaming sector. The transition will impact existing Nasdaq shareholders, who will need to convert their shares into CHESS Depositary Interests (CDIs) to trade on the ASX or opt for alternative trading options.

The most recent analyst rating on (LNW) stock is a Buy with a $130.00 price target. To see the full list of analyst forecasts on Light & Wonder stock, see the LNW Stock Forecast page.

Spark’s Take on LNW Stock

According to Spark, TipRanks’ AI Analyst, LNW is a Neutral.

Light & Wonder’s overall stock score is driven by strong earnings growth and strategic initiatives highlighted in the earnings call. However, financial performance is impacted by high leverage and declining revenue growth. Technical indicators suggest a bearish trend, and valuation metrics indicate moderate attractiveness. The absence of a dividend yield and challenges in global game sales also weigh on the score.

To see Spark’s full report on LNW stock, click here.

More about Light & Wonder

Light & Wonder, Inc. is a leading cross-platform global games company known for delivering immersive and unforgettable gaming experiences. The company operates through three complementary businesses, leveraging the talents of over 6,500 team members to create content that connects with players worldwide. Light & Wonder is committed to integrity, player responsibility, and sustainable practices.

Average Trading Volume: 1,065,409

Technical Sentiment Signal: Hold

Current Market Cap: $6.66B

For an in-depth examination of LNW stock, go to TipRanks’ Overview page.

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