Approximately a decade after submitting its initial public offering on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange, the Canadian e-commerce company Shopify has revealed plans to switch its U.S. listing to the Nasdaq exchange.

As stated in a filing submitted to the Securities and Exchange Commission (SEC) on Wednesday, Shopify intends to delist its Class A shares from the NYSE at the close of trading on Friday, March 28. The company’s shares will then begin trading on the Nasdaq starting Monday, March 31. Shopify’s existing listing on the Toronto Stock Exchange will remain unchanged, and its ticker symbol, SHOP, will continue to be used on both exchanges.

Last month, Shopify released its Q4 2024 earnings report, which showed a respectable performance with revenue growth of 31% year-over-year, reaching $2.8 billion. The company’s current market capitalization stands at $121 billion, representing a 55% increase from the same period in the previous year.

The filing did not provide a specific reason for Shopify’s decision to change its U.S. stock exchange. TechCrunch has contacted the company for further information and will update this article if a response is received.