On February 13, Thomson Reuters announced that it will transfer its U.S. stock listing to Nasdaq from the New York Stock Exchange by the end of the month. The company, known for its content and technology services, stated that trading on Nasdaq is expected to begin around February 25. This change will not affect the company's shares listed on the Toronto Stock Exchange in Canada. Thomson Reuters will maintain the stock symbol "TRI" on both exchanges.
Nasdaq's popularity among technology companies and its more adaptable listing requirements have contributed to a rise in listings compared to the NYSE. In 2024, Nasdaq hosted 160 initial public offerings, surpassing the NYSE's 34 listings by a significant margin in terms of value.
This shift aligns with Thomson Reuters' strategy to boost revenue growth by investing in AI-driven products for its professional clientele in legal, accounting, and related fields.