SEC Approves Nasdaq Primary Direct Listings
By EsqSocial Corporation 24/05/21
On May 19, 2021, the U.S. Securities and Exchange Commission (SEC) approved Nasdaq's proposal to allow companies to conduct primary direct listings on The Nasdaq Global Select Market. This approval comes nearly five months after the SEC approved a similar proposal by the New York Stock Exchange (NYSE) (as discussed in our alert here). Following these approvals, companies may now sell new shares and raise capital in direct listings, subject to the satisfaction of certain requirements, on either...
By: Wilson Sonsini Goodrich & Rosati