Zip Holdings Shares Jump 24% on Plan for Nasdaq Dual Listing

Australian buy-now-pay-later provider Zip Holdings said it is weighing a dual listing on the Nasdaq, aiming to deepen its presence in the United States, its fastest-growing market. The company already trades in Sydney. The announcement followed the release of robust fiscal results that showed a sharp jump in annual profit. Investors welcomed the update, sending Zip’s share price up as much as 24% in Friday trading.