Nasdaq gains greater discretion to reject high-risk IPOs
Nasdaq Stock Market has been granted greater discretion to reject IPO applications that pose a risk of manipulation. This new rule was immediately approved and implemented by the U.S. Securities and Exchange Commission (SEC) on Friday. The new rule authorizes Nasdaq to refuse company listings under the following circumstances: the company's business location does not cooperate with U.S. regulatory reviews; underwriters, brokers, lawyers, or auditing firms have been involved in problematic transactions; there are doubts about the integrity of management or major shareholders. This move aims to address the issue of a large number of small IPOs experiencing sharp price declines after listing in recent years. In the past year, half of Nasdaq's IPO fundraising amounts were less than $15 million, with most stock prices falling more than 35% within a year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NVIDIA (NVDA.US) management changes may affect Anthropic's IPO plans; the market is watching whether the multi-billion-dollar investment will change
With the sudden departure of Nvidia CEO Jensen Huang, the record-breaking initial public offering plan of AI giant Anthropic is being reconsidered by the market.
Nebius Q3 results exceed expectations, capital expenditure rises to $27 billion, ARR target postponed, stock falls over 14% pre-market | Earnings Report Insights
Nebius reported Q3 revenue of $981 million (a year-on-year increase of 571%) and adjusted EBITDA of $466 million, both exceeding expectations. However, the company delayed and lowered its guidance for annual recurring revenue (ARR), stating that it is no longer applicable. Additionally, it significantly raised its 2026 capital expenditure target to $27 billion, with projections to further increase to $40 billion to $45 billion in 2027. The stock price plummeted more than 14% in pre-market trading.
AUD/USD Price Forecast: Breakdown of H&S pattern keeps the pair under pressure
U.S. Stock Market Preview | Major Index Futures Mixed; Nvidia Plunges Pre-market; Fed Officials' Speeches Incoming
Before the U.S. stock market opens on Thursday, November 12, the three major U.S. stock index futures showed mixed movements.
Crypto prices
More
