ADC will be included in the new NASDAQ Global Select Market.
Beginning July 3, NASDAQ-listed companies will be classified under three listing tiers: NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market.
ADC had been listed on the NASDAQ National Market.
“We're pleased to be included in NASDAQ's top-tier listing,” ADC CEO Robert E. Switz said in a prepared statement. “We feel that this reflects our commitment to sound governance practices and will be a positive for our retail, institutional and employee shareholders.”