Thomson Reuters to shift US listing to Nasdaq from NYSE (updated)

Thomson Reuters

13/02/2025 12:42

(Adds context on Nasdaq, Thomson Reuters earnings in paragraphs
4 to 6)
       Feb 13 (Reuters) - Thomson Reuters  TRI.TO   TRI.N  will
move its U.S. stock listing to Nasdaq from the New York Stock
Exchange later this month, the content and technology company
said on Thursday.
    The parent company of Reuters News said it expects to start
trading on Nasdaq on or about February 25, adding that the move
will have no impact on its shares listed in Canada on the
Toronto Stock Exchange.
    Its stock will retain the symbol "TRI" on both exchanges.
    Strong appeal among technology firms and more flexible
requirements have helped Nasdaq beat the NYSE for listings in
recent years.
    Companies raised about $22 billion across 160 initial public
offerings at Nasdaq in the first 11 months of 2024, outpacing
the nearly $17 billion in 34 listings for NYSE, according to
data provided by Dealogic and Nasdaq.
    The move comes days after Thomson Reuters forecast a pickup
in underlying revenue growth over this year and next as it
continues to invest in artificial intelligence-driven products
for its legal, accounting and other professional customers.

 (Reporting by Aditya Soni in Bengaluru; Editing by Saumyadeb
Chakrabarty)
 ((Aditya.Soni@thomsonreuters.com; +91 80 6210 0555;))