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I don't think it will only attract scammy companies. In fact, wouldn't it be great if smaller businesses could go public as long as their numbers fit? The NYSE
by wslh 2y ago
I don't think it will only attract scammy companies. In fact, wouldn't it be great if smaller businesses could go public as long as their numbers fit? The NYSE and NASDAQ not only have a high bar, but that bar is even higher now than when companies like Apple and Microsoft went public. For example, the Enron scandal raised the standards for public listings, but you could also argue that it unfairly punished legitimate businesses for the sins of others.
It could also help dynamize investments by providing shorter exit pathways, making it easier for investors to recycle capital into new startups.
- kasey_junk 2y agoThere are lots of alternate venues already for listings. Most of the cost in going public comes from federal securities law, not exchange rules.
- wslh 2y agoI don't see how your answer fits in the flow of this thread. The thread specifically mentions scammy listings so those listings should obbey securities law to be on an exchange.
- kasey_junk 2y agoThe bar that was raised after Enron was federal securities law. Not nyse/nasdaq rules (which vary for the many venues they own) If a company doesn’t like nyse/nasdaq rules there are many other places to list, so changing one of nyse’s own venues names is unlikely to add any value for a small company looking to go public.