Nearly 10 years after submitting to go public on the New York Stock Exchange (NYSE) and Toronto Stock Exchange, Canadian e-commerce platform Shopify has introduced that it’s transitioning its U.S. itemizing to the Nasdaq.
In a submitting with the Securities and Exchange Commission (SEC) on Wednesday, Shopify stated it’s eradicating its Class A shares from the NYSE on the shut of buying and selling on Friday, March 28, with buying and selling recommencing on the Nasdaq beginning Monday, March 31. The firm added that its current itemizing on the Toronto Stock Exchange will keep as is, and its ticker image will even stay SHOP on each exchanges.
Shopify gave no specific cause within the submitting for altering its U.S. inventory alternate venue, nonetheless a spokesperson for the corporate stated: “We’re excited to hitch the Nasdaq neighborhood and be listed among the many most progressive tech corporations on the planet.”
Shopify final month reported a fairly sturdy This fall 2024, exceeding estimates with its income rising 31% year-on-year to $2.8 billion. The firm’s market cap at the moment sits at $121 billion, up 55% from the identical interval final yr.
