The U.S. Securities and Exchange Commission has approved the New York Stock Exchange’s proposal to allow companies to raise capital in a direct listing.
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In a direct listing, a block of shares isn’t sold to investors at a set price, as it is with a traditional IPO (you can read more about the differences between the two methods of financing here). A traditional IPO is a more expensive process, due to bank underwriting fees, but allows a company to raise capital in the going-public process. Now that’s changing.
New York Stock …
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