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;))
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