SEC Approves Nasdaq Rule Change Allowing Direct Listings with a Capital Raise
By EsqSocial Corporation 27/05/21
In our prior article on the latest and greatest in direct listings, we noted that we were expecting that Nasdaq would follow the NYSE’s lead to allow for capital raising concurrently with a direct listing. On May 19, 2021, and after a number of back-and-forth proposals, the U.S. Securities and Exchange Commission approved a proposed Nasdaq rule change to allow for capital raising concurrently with a direct listing on the Nasdaq Global Select Market......
By: Fenwick & West LLP