Trading

NYSE wants to let companies raise money through direct listings

Proposal will need approval by US Securities and Exchange Commission

The New York Stock Exchange has submitted a proposal with the US Securities and Exchange Commission that would allow companies going public through a direct listing to raise capital.

Currently, the exchange allows companies to go public through direct listings but it doesn’t allow them to raise capital. With this proposal, NYSE has gone a step further by allowing companies, not just existing shareholders, to sell shares on the public market.

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