Companies can now go public and simultaneously raise money from stock market investors without paying investment banks hefty IPO underwriting fees, according to new rules approved on Tuesday by the Securities and Exchange Commission. It’s a win for corporate executives who wanted to take an approach that combines elements of both traditional initial public offerings—in which companies offer new...
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U.S. Tech Should Support TikTok at This Moment
If Steve Martin were to remake his 1984 film “Lonely Guy” this year, he could center it around Shou Zi Chew, CEO of TikTok. It’s a paradox that the executive leading one of the most popular apps in the U.S. is basically on his own as he fights the threat of a ban from both the Biden administration and congressional opponents. The few people who have publicly come out in support of TikTok...
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