The Securities and Exchange Commission is expected to approve the New York Stock Exchange’s proposal for loosening rules around capital raises in direct listings, similar to how it approved Nasdaq’s request earlier this month, Bloomberg reported. The revised rules would dictate how companies that go public through direct listings can raise money in the deals. The new Nasdaq rule would...
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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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