Two tech companies, Asana and Twilio, listed their shares on the upstart exchange, which is designed to discourage short-term thinking and promote an embrace of all stakeholders, not just shareholders, The New York Times reports. The companies are already listed on the NYSE, making the move largely a technicality, but the exchange hopes others will be encouraged to list there. The exchange has gotten off to a slow start since it was first conceived a decade ago. Read more.
Related Posts
In a Sensible Market, Trump Media Stock Would Sell for 50 Cents
Although Trump Media’s stock price has dropped sharply since its debut on the Nasdaq, the company’s market capitalization remains near $6 billion, which gives the stock a price/sales ratio of roughly 1,500.
Goldman Says SPAC Boom to Continue, Spots Way to ID Potential Outperformers
“If this year’s 5x ratio of SPAC equity capital to target M&A enterprise value persists, the aggregate enterprise value of these future takeover targets would be $300 billion,” Goldman said in a note.
SPACs Can’t be Killed
From U.S. presidential hopefuls’ forays to a continued SPAC king’s virality, SPACs’ reach is a reminder that they are hard to kill.
Trump Media Deal Partner Advisers were Reprimanded by the SEC: Report
The SEC in 2017 sued to block the IPOs of three companies where the advisers had leading roles, accusing them of misrepresenting their connections, misstating the nature and scope of their businesses and failing to cooperate with regulators.