Estonian ro-pax group Tallink is planning a secondary listing on the Nasdaq Helsinki stock exchange following a strategic review.
The company said its supervisory board has approved the move.
The management board will now "initiate the relevant preparations", it said.
The stock will continue to be listed on the Nasdaq Tallinn bourse.
Tallink has been contacted for further comment.
In March, the company ended a strategic review into potential new investment.
It had begun the process last July to examine different ways forward, but nothing concrete appeared to have emerged.
It said in a statement: "In the course of the process, various strategic options were considered with the purpose of supporting the long-term strategy and development of the company.
"The company will take the proposals and feedback received during the process into account in further planning and development of its business."
The idea was to explore bringing in new investors, while some existing shareholders sold out.
Citigroup Global Markets was appointed as the financial adviser.
