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SEC approves NYSE proposal to allow capital raise through direct listing

Credit: REUTERS/MIKE SEGAR

The U.S. Securities and Exchange Commission said on Wednesday it approved a proposal by the New York Stock Exchange to allow companies that choose to go public through a direct listing to raise capital. (Reporting by Shariq Khan in Bengaluru; Editing by Shinjini Ganguli) ((Shariq.Khan@thomsonreuters.com; Within U.S.+1 646 223 8780, outside U.S. +91 80 6182 2681; Twitter: @shariqrtrs;)) nL4N2FS3ZH

Aug 26 (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday it approved a proposal by the New York Stock Exchange to allow companies that choose to go public through a direct listing to raise capital.

(Reporting by Shariq Khan in Bengaluru; Editing by Shinjini Ganguli)

((Shariq.Khan@thomsonreuters.com; Within U.S.+1 646 223 8780, outside U.S. +91 80 6182 2681; Twitter: @shariqrtrs;))

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