Canadian e -commerce platform Shopify announced that it would convert the US listing to Nasdaq almost 10 years after submitted to the New York Stock Exchange (NYSE) and Toronto Stock Exchange.
Shopify said on Wednesday that NYSE is eliminating class A stocks with the recommendation of NASDAQ from Friday, March 31, March 28, with the recommendation of NASDAQ.
Last month, Shopify reported a reasonably strong Q224 and exceeded estimates to $ 2.8 billion, up 31% year -on -year. The company’s market cap is now $ 121 billion, up 55% from the same period last year.
Shopify has not raised an explicit reason for changing the US Stock Exchange. TechCrunch contacted the company to get more information, and we will update this part again.
