Australia’s Zip Plans Dual U.S. Nasdaq Listing After 24% Share Surge and Positive Outlook

Australia's digital payments company Zip Holdings has announced plans to pursue a listing on the U.S. stock market, specifically targeting a dual listing on Nasdaq. This move follows a substantial increase in the company's annual profit, which has driven Zip's shares to surge by as much as 24%. The strong fiscal results and positive outlook have contributed to the company's decision to expand its presence in the key U.S. growth market. Meanwhile, other Australian companies such as Scentre Group and Coles have also reported robust financial performances, with Scentre Group rising after strong first-half results and Coles shares increasing due to strong supermarket sales despite a full-year profit miss. The broader Australian share market has shown mixed trends, with the ASX 200 declining on Tuesday amid these company-specific movements.