Nasdaq proposed new rules on Monday that could cut down on trading in high-priced stocks, such as those that cost over $1,000, including Amazon and Alphabet. The new proposal would change a longstanding system under which investors can bid up or down the price of a stock by as little as a penny (the “tick”), whether the stock costs $1 or $1,000. Instead, under a new system called “Intelligent...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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