Etsy to move stock listing to NYSE from Nasdaq

Online market Etsy on Monday mentioned it’ll switch its widespread stock listing to the New York Stock Exchange, with buying and selling set to start on October 13.

The firm mentioned it expects to stop listing on Nasdaq on October 10.

Shares of Etsy, which has a market capitalization of about $6.36 billion, have risen almost 41% to this point this yr.

Earlier on Monday, OpenAI partnered with Etsy to launch immediate checkout on ChatGPT, permitting customers to purchase straight from Etsy sellers inside the chat to enhance procuring on the platform.

The Brooklyn, New York City-based firm’s shares closed up 15.8% at $74.34, the very best since February 2024 after the information.

In July, Etsy reported upbeat second-quarter income on robust demand for lower-priced merchandise, together with handcrafted items, even because the broader retail trade struggles with inflationary pressures.