Thomson Reuters Takes Bold Step to Move U.S. Stock Listing to Nasdaq

Thomson Reuters Transfers U.S. Stock Listing to Nasdaq

Thomson Reuters, a prominent global content and technology firm, revealed today its intention to transition its U.S. stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. This strategic decision highlights the company's commitment to align with one of the world's most innovative trading platforms.

The anticipated date for Thomson Reuters to cease trading on the NYSE is around February 24, 2025. Subsequently, the company's shares are expected to initiate trading on Nasdaq on approximately February 25, 2025. The ticker symbol will remain unchanged as TRI, ensuring continuity for its stakeholders.

In making this announcement, Steve Hasker, the President and CEO of Thomson Reuters, expressed enthusiasm, stating, "We are delighted to be among the world's largest and most innovative companies on Nasdaq." This move underscores not only the growth of Thomson Reuters but also the increasing competition among stock exchanges to attract high-profile listings.

Thomson Reuters' current status on the Toronto Stock Exchange (TSX) will remain unaffected, with the company retaining its listings under the TRI ticker on both the TSX and Nasdaq. The implications of this transition are significant, as Nasdaq is often associated with technology and high-growth industries, thus reflecting Thomson Reuters' aspirations and future strategy.

Why Nasdaq?

The Nasdaq is known for hosting many technology-driven companies, being a hub of innovation. By moving its listing to Nasdaq, Thomson Reuters aims to capitalize on this environment, potentially signalling a shift towards a more tech-centric approach in its operations and offerings. The company has aimed to leverage trusted content alongside advanced technologies to help professionals make informed decisions across multiple domains, including legal, tax, accounting, compliance, government, and media.

Thomson Reuters is recognized for integrating sophisticated software with insights that empower professionals. The company’s ability to deliver data, intelligence, and solutions is integral in its mission to support organizations in pursuit of truth and transparency. With Reuters being a part of Thomson Reuters, the firm stands out in the news industry as a leading provider of reliable journalism.

Forward-Looking Statements

As with any strategic corporate decision, this transition involves certain risks and uncertainties. The announcement also includes forward-looking statements regarding the transfer of the stock exchange listing, expected dates, and prospects for inclusion in market indices. While the company believes its rationale is sound, it emphasizes that these predictions are not guaranteed and are subject to various risks that could affect actual outcomes.

Stakeholders are encouraged to stay informed about these developments as Thomson Reuters continues to evolve and adapt in a dynamic market environment. Additional details regarding potential risks and uncertainties can be found in the reports Thomson Reuters files with Canadian and U.S. securities regulators.

Conclusion

The decision to transfer its U.S. stock listing to Nasdaq signifies Thomson Reuters' ongoing evolution as a global content and technology leader. As it embarks on this new chapter, industry watchers will be keen to see how this strategic shift impacts the company’s growth trajectories and its contributions to the spheres of law, media, and technology.