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SEC approves NYSE proposal to allow IPO alternative – Fox Business

The NYSE submitted amended proposals in June to allow companies to raise capital through direct listings after the SEC declined similar requests by the exchange operator in December.

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The Securities and Exchange Commission said on Wednesday it approved a proposal by the New York Stock Exchange to allow companies to raise capital through direct listings.
The move is a major breakthrough for the exchange operator that has been pushing for an alternative to traditional initial public offerings (IPOs) for companies to raise money.
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It will widen the options available to private companies that are looking to go…

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