Amazon.com Inc. AMZN, -1.78% announced Thursday a shortlist of 20 metropolitan areas that it has chosen to move to the next phase of the selection process for the e-commerce giant's second headquarters, dubbed HQ2. Amazon said it narrowed the list from the 238 communities that submitted proposals. The areas that made the list, in alphabetical orders: Atlanta; Austin, Texas; Boston; Chicago; Columbus, Ohio; Dallas; Denver; Indianapolis; Los Angeles; Miami; Montgomergy County, Md.; Nashville, Tenn.; Newark, N.J.; New York City; northern Virginia; Philadelphia; Pittsburgh; Raleigh, N.C.; Toronto; and Washington, D.C. Amazon said it would invest over $5 billion in the city where it opens its HQ2 and create 50,000 "high-paying jobs." Amazon's stock slipped less than 0.1% in premarket trade. It has rallied 30% over the past three months through Wednesday, while the S&P 500 SPX, -1.11% has gained 9.4%.