SEC Rejects NYSE’s Bid for Fundraising in Direct Listings
Posted on 12/06/2019
The U.S. Securities and Exchange Commission (SEC) rejected the New York Stock Exchange’s proposal to permit private companies to go public through a U.S. direct listing to raise capital at the same time. In late November, NYSE filed for a rule change. “We remain committed to evolving the direct listing product. This sort of action […]
