News Summary

Canadian e-commerce giant Shopify has announced its decision to transfer its U.S. stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. The transition is scheduled for the end of March 2025, with Shopify’s Class A shares ceasing to trade on the NYSE on March 28 and beginning trading on Nasdaq on March 31. Shopify’s listing on the Toronto Stock Exchange will remain unchanged, and its ticker symbol ‘SHOP’ will be retained on both exchanges. This move places Shopify among other innovative tech companies on Nasdaq. The company had earlier reported a strong Q4 2024 with a 31% increase in revenue year-on-year, and its market cap has risen to $121 billion, marking a 55% increase from the previous year.