Practically 10 years after submitting to go public on the New York Inventory Change (NYSE) and Toronto Inventory Change, Canadian e-commerce platform Shopify has introduced that it’s transitioning its U.S. itemizing to the Nasdaq.
In a filing with the Securities and Change Fee (SEC) on Wednesday, Shopify mentioned 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 corporate added that its current itemizing on the Toronto Inventory Change will keep as is, and its ticker image will even stay SHOP on each exchanges.
Shopify final month reported a fairly robust This fall 2024, exceeding estimates with its income rising 31% year-on-year to $2.8 billion. The corporate’s market cap at the moment sits at $121 billion, up 55% from the identical interval final yr.
Shopify gave no specific cause within the submitting for altering its U.S. inventory change venue. TechCrunch has reached out to the corporate for extra info and can replace this piece if we hear again.