Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Nasdaq, Inc.
  6. News
  7. Summary
    NDAQ   US6311031081

NASDAQ, INC.

(NDAQ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SEC approves Nasdaq proposal to allow IPO alternative to raise funds

05/21/2021 | 05:43pm EDT
FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York

(Reuters) - The U.S. Securities and Exchange Commission (SEC) has approved a proposal by exchange operator Nasdaq Inc to allow companies to raise capital through direct listings.

In a filing https://bit.ly/3vc3jHV dated May 19, the SEC said Nasdaq's proposed rule change was consistent with the regulator's rules and regulations and could be beneficial to investors as an alternative to a traditional initial public offering.

The move is a big breakthrough for the exchange operator that has been pushing for an alternative for companies to raise money.

Reuters had reported in August https://www.reuters.com/article/us-nasdaq-direct-listing-exclusive-idUSKBN25L1BC that Nasdaq had filed with the SEC to change its rules to enable companies that debut on the stock market through a direct listing to raise capital.

The latest rules will widen the options available to private companies that are looking to go public, but are wary of the role played by investment banks in the IPO process.

Prominent venture capitalists like Bill Gurley have often criticized investment banks, which for decades have organized IPOs, for underpricing the offerings to help their clients reap large gains when the stock begins trading on the first day.

The new IPO alternative could also potentially attract companies that are currently looking to go public via deals with special purpose acquisition companies (SPACs), given the recent slowdown in blank-check dealmaking due to a cooling off in investor appetite and tighter regulatory scrutiny around SPACs.

In December last year, the SEC had approved a proposal by the New York Stock Exchange to let companies raise capital through direct listings. Prior to that ruling, the SEC allowed direct listings for companies that did not raise capital in the process.

In 2018, music streaming business Spotify Technology SA was the first major company to go public through the direct listing route.

(Reporting by Uday Sampath in Bengaluru; Editing by Anirban Sen and Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NASDAQ COMP. 0.00% 14837.320659 Delayed Quote.15.12%
NASDAQ, INC. -0.51% 186.79 Delayed Quote.41.45%
SPOTIFY TECHNOLOGY S.A. -2.74% 236.88 Delayed Quote.-22.57%
All news about NASDAQ, INC.
07/21NASDAQ, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
07/21Nasdaq, Inc. Announces $475 Million Accelerated Stock Repurchase Program
GL
07/21Nasdaq profit tops Wall St. view, helped by robust trading
RE
07/21NASDAQ, INC. : Results of Operations and Financial Condition, Regulation FD Disc..
AQ
07/21Tranche Update on Nasdaq, Inc.'s Equity Buyback Plan announced on October 24,..
CI
07/21NASDAQ : Announces Quarterly Dividend of $0.54 Per Share
AQ
07/21NASDAQ : Reports Second Quarter 2021 Results; Delivers 21% Increase in Revenue C..
AQ
07/21Nasdaq, Inc. Announces Quarterly Dividend, Payable on September 24, 2021
CI
07/21Nasdaq, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2..
CI
07/21NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
More news
Financials (USD)
Sales 2021 3 362 M - -
Net income 2021 1 137 M - -
Net Debt 2021 5 385 M - -
P/E ratio 2021 27,8x
Yield 2021 1,13%
Capitalization 31 974 M 31 974 M -
EV / Sales 2021 11,1x
EV / Sales 2022 10,3x
Nbr of Employees 4 830
Free-Float 66,8%
Chart NASDAQ, INC.
Duration : Period :
Nasdaq, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NASDAQ, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 187,76 $
Average target price 191,38 $
Spread / Average Target 1,93%
EPS Revisions
Managers and Directors
Adena T. Friedman President, Chief Executive Officer, COO & Director
Ann M. Dennison Chief Financial Officer & Executive Vice President
Michael R. Splinter Chairman
Bradley J. Peterson Chief Information Officer & Executive VP
Louis Modano Chief Information Security Officer & Senior VP
Sector and Competitors