NYSE Files Form 25 to Delist LiveRamp Common Stock

What happened

The New York Stock Exchange filed a Form 25 with the Securities and Exchange Commission on November 2, 2026 to remove LiveRamp Holdings, Inc.'s common stock from listing and registration on the exchange, according to the filing.

LiveRamp is a San Francisco-based company in the computer processing and data preparation services sector. It trades under the ticker RAMP.

The filing does not state why the delisting is taking place. The form lists four possible rule provisions under 17 CFR 240.12d2-2(a) that can justify a strike from listing, but the boxes in the extracted text are not marked, so the specific basis is not visible in the document as provided.

The filing is signed by Anthony Sozzi, an analyst in the NYSE's Market Watch group, and certifies that the exchange believes it meets the requirements to file the notice.

LiveRamp shares closed at $38.50 on the event date, up 0.71% from the prior close of $38.23.

The filing

A Form 25 is the notification an exchange or issuer files with the SEC to remove a security from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934.

This particular form covers common stock, not debt securities. That distinction matters: a Form 25 for common stock means the shares themselves are being removed from the exchange, whereas a Form 25 for notes or bonds is often just the routine retirement of a maturing debt issue.

The form cites 17 CFR 240.12d2-2(b), under which the exchange states it has complied with its rules to strike the class of securities from listing or withdraw registration. It also includes a separate provision, 17 CFR 240.12d2-2(c), covering voluntary withdrawal by the issuer, but the extracted text does not show which box was checked.

The document also references 17 CFR 240.19d-1, which concerns notices of summary action by an exchange.

What this means

A listing is the permission a company has to have its shares trade on an exchange like the NYSE. When a security is delisted, it can no longer be bought and sold on that exchange, though the shares may still trade elsewhere, such as on over-the-counter markets.

The Form 25 is the formal step that ends that permission. Either the company can request removal, or the exchange can initiate it under its own rules. In this case the filer is the NYSE itself, which means the exchange is the party driving the notice, though the form does not say which rule provision applies.

Registration under Section 12(b) is a separate obligation from listing. A company with registered securities must file periodic reports with the SEC, among other requirements. The Form 25 addresses both listing and registration, so the filing can affect both the trading venue and the company's reporting status.

What happens next is not specified in the filing. Typically, a delisting takes effect a set number of days after the notice, and the company's shares may then trade on a different venue. The filing does not state the effective date, the reason for the removal, or whether LiveRamp will continue to have its shares quoted elsewhere.