NYSE’s New Direct Listing Rule is Stayed


NYSE’s New Direct Listing Rule is Stayed | Free Writings …
On August 31, 2020, the Securities and Exchange Commission (the “SEC”) notified the New York Stock Exchange (the “NYSE“) that it received a notice of intention to petition for review of the NYSE’s recently approved rule (see our prior post) that would allow companies to conduct limited primary sales concurrent with a direct listing. The notification was submitted by the Council of …


NYSE’s New Direct Listing Rule is Stayed | Mayer Brown …
NYSE’s New Direct Listing Rule is Stayed. Brian Hirshberg. … related herein) that would allow companies to conduct limited primary sales concurrent with a direct listing. The notification was …


SEC Approves NYSE’s Direct Listing “Plus” – Immediate …
On August 26, 2020, the Securities and Exchange Commission (SEC) approved the New York Stock Exchange’s (NYSE or the Exchange) proposal to allow private companies to issue shares through direct listin…


SEC Rejects NYSE’s Proposed Rules on Direct Listings
On November 26, 2019, the New York Stock Exchange (NYSE) filed a notice of proposed rule change with the Securities and Exchange Commission (SEC) that would have modified NYSE’s direct listing rules to (1) permit companies to raise capital through a direct listing and (2) relax the distribution requirements applicable to the process.


SEC Approves New NYSE Direct Listing Rules | Corporate …
On August 26, the Securities and Exchange Commission approved rules proposed by the New York Stock Exchange (NYSE) to allow companies engaging in a direct listing to raise capital directly through the sale of primary shares upon the direct listing, in addition to, or instead of, facilitating sales of shares solely by existing shareholders.


SEC Approves NYSE’s Temporary Relief from Shareholder …
Posted in 20% rule, COVID-19, NYSE Rules, SEC News On May 14, 2020, the Securities and Exchange Commission (“SEC”) approved, with immediate effectiveness, a rule filing from the New York Stock Exchange (“NYSE“) granting temporary relief from the shareholder approval requirements under Section 312.03 and 303A.08 through June 30, 2020.


NYSE proposal to allow fundraising in direct listings
Dec 6, 2019Last week, the New York Stock Exchange filed for a rule change that would allow companies in a direct listing to raise capital. The SEC rejected the proposal Friday.


NYSE proposes big change to direct listings – TechCrunch
Nov 26, 2019The New York Stock Exchange filed paperwork this morning with the U.S. Securities and Exchange Commission to allow companies to raise capital as part of a direct listing. Direct listings are a way …


NYSE’s Expansion Of Direct Listings Faces New Hurdle – Law360
Law360 (September 2, 2020, 10:14 PM EDT) — Regulators’ approval of a New York Stock Exchange plan to allow companies to sell new shares in direct listings is facing a delay, as an investor group …


SEC approval of NYSE direct listings on hold
SEC permission for the New York Stock Exchange to let companies raise capital through direct listings has been put on hold following a challenge from the Council of Institutional Investors.
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