The SEC said it approved a new type of direct listing where companies can simultaneously go public and raise cash from public market investors.
The move came as a record number of companies have turned to SPACs, or special purpose acquisition companies, as a backdoor way to be listed on exchanges this year.The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-Trump adviser Cohn seeks $600 million for blank-check company IPOGary Cohn, the former economic adviser to U.S. President Donald Trump, has teamed up with investor Clifton S. Robbins to seek $600 million in an initial public offering (IPO) for a new blank-check acquisition company, filings showed on Tuesday. The rich get richer until there's nothing left for you: welcome to feudalism 2.0. taxtherich taxationisnottheft youmorons inequality maddow It’s evident Lisa and Pryce are seasoned Debaters so we got style,poise and confidence. Floyd and Kamina delivered substance and data backed up by facts. The JLP won the debate not hands down though.AbkaFitzHenley ,Nationwideradio .cliffnationwide.emilymshields
Source: Reuters - 🏆 2. / 97 Read more »