SEC green-lights direct listing on NYSE5 min read . Updated: 29 Dec 2020, 10:39 PM IST
SEC ruling permits direct listings on the NYSE, which provides companies another route to raise capital, and investors another platform to pick out high-potential companies
Last week saw the US Securities and Exchange Commission (SEC) approve the New York Stock Exchange's (NYSE) 'direct listing' plan. This will allow prospective public companies to raise money by selling shares directly to investors without requiring a middleman. NASDAQ also wants to offer businesses this option and has filed a similar direct listing proposal with the SEC.
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