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

Business & Finance

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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