Analysis

NYSE's Expansion Of Direct Listings Faces New Hurdle

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 urges the full U.S. Securities and Exchange Commission to review the plan and address potential risks to investors.

The Council of Institutional Investors notified the SEC this week that it intends to file a petition seeking a full agency review of the Division of Trading and Markets' recent approval of an NYSE rule change that lets companies raise capital as part of direct listings. The SEC has since stayed the division's approval of NYSE's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!