ASX BNPL share Sezzle Inc (ASX: SZL) is rocketing higher again today.
Shares in the buy now, pay later stock closed up 12.8% on Thursday, finishing the day at $18.10.
At time of writing in afternoon trade on Friday, Sezzle shares are trading for $21.72 apiece, up 20%.
This sees the ASX BNPL share up a whopping 35.3% since Wednesday's closing bell.
For some context, the All Ordinaries Index (ASX: XAO) has gained 2.2% over this same period.
Here's why investors are sending the Sezzle share price rocketing.
Image source: Getty Images
What's lifting the ASX BNPL share?
Investor sentiment took a bullish turn Thursday morning when Sezzle reported that its long-running efforts to dual list on the Nasdaq Composite Index (NASDAQ: .IXIC) have finally paid off.
The ASX BNPL share had intended to commence trading on the tech-heavy Nasdaq exchange on 17 August.
However, things didn't go as planned.
Nasdaq halted trading in Sezzle shares due to "inadequate publicly available shares of common stock to make a market and facilitate proper trading".
This was because of the large number of shares held by investors in the form of Chess Depository Interests (CDIs) for trading on the ASX. The CDIs can be converted into Sezzle shares on a 1-for-1 basis.
But in good news for the ASX BNPL share, the stock resumed trading on the Nasdaq on Thursday under the ticker (Nasdaq: SEZL). Sezzle will also continue to trade on the ASX under its existing ticker.
According to the release, Nasdaq officials lifted the trading halt after the number of publicly available Sezzle shares eligible for trading in the US held through Depository Trust Company increased.
Sezzle reported there are currently 536,188 shares publicly available for trading.
Sezzle share price snapshot
With the past two days of gains factored in, the Sezzle share price is up a market-beating 39% in 2023.
The ASX BNPL share remains down 5% over the past 12 months and down a precipitous 95% from its February 2021 highs.
