Domino's Shocks Wall Street: Ditches NYSE for Nasdaq in Game-Changing Move

The pizza titan's bold switch to Nasdaq sets the stage for a tech-driven growth story in 2025.

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Dec 12, 2024
Summary
  • Domino’s aligns with Nasdaq to amplify its digital-first strategy and fuel future growth.
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Domino's Pizza, Inc. (DPZ, Financial) is shaking things up. The world's largest pizza company just announced that it's swapping the New York Stock Exchange (NYSE) for the Nasdaq Global Select Market. Starting January 2, 2025, Domino's stock will trade under its iconic ticker, "DPZ," on Nasdaq. The move reflects Domino's tech-driven identity, aligning its stock listing with its reputation for digital innovation, which powered more than 85% of its U.S. sales last year.

Domino's has been a darling for investors since it went public in 2004 at $14 per share. Fast-forward to 2024, and its stock is cruising above $454, backed by a market cap of $15.8 billion. The company dominates the pizza game globally, with over 21,000 stores in 90 markets. Its franchise-led model and cutting-edge ordering platforms keep it miles ahead in convenience and customer reach. By joining Nasdaq, home to restaurant peers like Papa John's and Wingstop, Domino's is doubling down on its reputation as a digital-first innovator.

This isn't just a cosmetic change—it's a strategic move that signals confidence in what's next. As Domino's steps into 2025 on Nasdaq's advanced trading platform, investors will be watching how the pizza giant leverages this transition to fuel growth. Whether it's expanding its footprint or continuing to redefine the digital ordering experience, Domino's isn't just delivering pizza—it's delivering a playbook for sustained success.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure