Business & Finance

Reuters first to report Nasdaq seeks to remove restriction in direct listing plan

Reuters was first to report that Nasdaq has asked U.S. regulators to remove a restriction that limits how much money companies can raise through a direct listing on its stock market exchange. Direct listings allow companies to list on the stock market without a traditional and more costly initial public offering. Nasdaq’s move follows the U.S. Securities and Exchange Commission’s recent approval of a Nasdaq proposal to allow companies to raise capital in a direct listing as long as the shares start trading within the indicated price range set.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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