Hope these articles helps. So what NASDAQ applies
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Posted On: 09/14/2020 1:40:29 PM
Hope these articles helps. So what NASDAQ applies for is to create what NYSE has where a direct listed company can sell shares from existing shareholders and also sell newly issued shares like an IPO.
“ In an order posted online Wednesday, the Securities and Exchange Commission approved the plan for the NYSE to create a new type of direct listing, in which companies can issue new shares. Previously, companies had only been permitted to use the process for existing investors to sell shares.”
https://www.wsj.com/articles/nyses-plan-for-n...1598479804
“ In an order posted online Wednesday, the Securities and Exchange Commission approved the plan for the NYSE to create a new type of direct listing, in which companies can issue new shares. Previously, companies had only been permitted to use the process for existing investors to sell shares.”
https://www.wsj.com/articles/nyses-plan-for-n...1598479804
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