SEC Approves NYSE Proposal To Let Companies Raise Cash Through Direct Listings
SEC Approves NYSE Proposal To Let Companies Raise Cash Through Direct Listings
The United States Securities and Exchange Commission on Wednesday approved a rule change proposed by the Intercontinental Exchange Inc (NYSE:ICE)-owned New York Stock Exchange to allow companies that use the direct listing route to raise capital.
What Happened: The market regulator approved the NYSE proposal to let companies raise capital by issuing fresh shares in a new variety of direct listing, according to a statement.
Prior to the rule change, companies couldn't raise capital in direct listings.
“We are not trying to displace the IPO. We are trying to create more options for companies and investors seeking to tap into the public markets,” NYSE Chief Commercial Office John Tuttle told Reuters.
Some companies like the work-oriented messaging platform Slack Technologies Inc (NYSE:WORK) have used direct listings to go public. This saves the company from paying a 6 to 7% fee to underwriters, according to ClickIPO CEO Scott Coyle.
Why It Matters: Nasdaq Inc. (NASDAQ:NDAQ) also proposed a rule change with the SEC to let companies raise capital through direct listing this week.
Spotify Technology SA (NYSE:SPOT) was a frontrunner in the pursuit of direct listings in 2018 when it became the largest company ever to attempt to go public using this route.
A number of direct listings are scheduled for 2020. This week, Peter Thiel-led Palantir Technologies filed to go public on the NYSE, even as it said it may never achieve profitability.
Work management company Asana Inc. also announced it was filing to go public through a direct listing on the same exchange.
Price Action: Intercontinental Exchange shares closed 0.54% higher at $105 on Wednesday.
The United States Securities and Exchange Commission on Wednesday approved a rule change proposed by the Intercontinental Exchange Inc (NYSE:ICE)-owned New York Stock Exchange to allow companies that use the direct listing route to raise capital.
美國證券交易委員會(U.S.Securities and Exchange Commission)週三批准了美國證券交易委員會(U.S.Securities and Exchange Commission)提出的規則更改洲際交易所紐約證券交易所代碼:冰)旗下的紐約證券交易所(New York Stock Exchange)允許使用直接上市路線的公司籌集資金。
What Happened: The market regulator approved the NYSE proposal to let companies raise capital by issuing fresh shares in a new variety of direct listing, according to a statement.
發生的事情:據一份報告稱,市場監管機構批准了紐約證交所的提議,允許公司通過發行新股以一種新的直接上市方式籌集資金。陳述式.
Prior to the rule change, companies couldn't raise capital in direct listings.
在規則改變之前,公司不能通過直接上市籌集資金。
“We are not trying to displace the IPO. We are trying to create more options for companies and investors seeking to tap into the public markets,” NYSE Chief Commercial Office John Tuttle told Reuters.
“我們並不是想取代首次公開募股(IPO)。我們正在努力為尋求進入公開市場的公司和投資者創造更多的選擇。“紐約證券交易所首席商務辦公室約翰·塔特爾説告訴路透社.
Some companies like the work-oriented messaging platform Slack Technologies Inc (NYSE:WORK) have used direct listings to go public. This saves the company from paying a 6 to 7% fee to underwriters, according to ClickIPO CEO Scott Coyle.
Why It Matters: Nasdaq Inc. (NASDAQ:NDAQ) also proposed a rule change with the SEC to let companies raise capital through direct listing this week.
Spotify Technology SA (NYSE:SPOT) was a frontrunner in the pursuit of direct listings in 2018 when it became the largest company ever to attempt to go public using this route.
A number of direct listings are scheduled for 2020. This week, Peter Thiel-led Palantir Technologies filed to go public on the NYSE, even as it said it may never achieve profitability.
計劃在2020年進行多家直接上市。本週,彼得·泰爾(Peter Thiel)領導的Palantir Technologies申請在紐約證交所上市,儘管該公司表示可能永遠不會實現獲利能力.
Work management company Asana Inc. also announced it was filing to go public through a direct listing on the same exchange.
工作管理公司Asana Inc.也宣佈,申請上市通過在同一家交易所直接上市。
Price Action: Intercontinental Exchange shares closed 0.54% higher at $105 on Wednesday.
價格行動:洲際交易所股價週三收高0.54%,報105美元。
譯文內容由第三人軟體翻譯。
風險及免責聲明
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能,分享給你的好友吧