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Exchange drives innovation to meet unique issuer needs during pandemic, emerging the year’s winner with increased interest in SPACs and Direct Listings
Executes biggest U.S. IPO for 8
th straight year, 6 of the 7 largest tech IPOs of 2020
The New York Stock Exchange, a wholly-owned subsidiary of Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, ranked once again as the leader in global IPO proceeds for 2020, raising a total of $81.8 billion during its busiest year on record for IPOs. The NYSE executed the biggest IPO for the 8
by AutonomousMax
Something very exciting and special is happening in the world of capital fund raising for emerging market and startup companies. Recently, new SEC rules will allow “Crowdfunding” sites to increase the maximum amount of capital that can be raised by companies from the general public.
Crowdfunding is a confusing term for some. To be more precise, Crowdfunding would be more accurately referred to as “Crowd-Investing”. When speaking of “Crowdfunding”, some people mistake it for the activity of sites like GoFundMe or Kickstarter, and thus think it means donating money to a cause and perhaps for a token reward. In reality, Crowdfunding sites like Wefunder and StartEngine open the doors for regular folk to invest in the emerging market and startup community that used to be the exclusive domain of venture capital firms and institutional investors.
This article was originally published on WeedWeek, and appears here with permission.
Special Purpose Acquisition Companies, or SPACs, are having a moment in the cannabis industry. Last month Subversive Capital used the investment structure to launch a major California operator following several more big deals this year.
WeedWeek recently talked to Joe Crouthers, a Goldman Sachs alum who’s now CEO of Ceres Acquisition Corp., to discuss why pot SPACs make sense right now. He offered a primer on how they work, and discussed his plans for the SPAC Ceres is sponsoring.
This interview has been edited for length and clarity.
In the Busiest Year on Record for Initial Public Offerings, The New York Stock Exchange Ranks Number One for IPO Proceeds marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
the current percentage of racially/ethnically diverse directors;
whether the board’s definition of diversity explicitly includes gender, race or ethnicity;
whether the board has a “Rooney Rule” policy requiring diverse candidates to be included in the initial pool of candidates when selecting new directors; and
board skills disclosure.
Although Glass Lewis will not make voting recommendations solely on the basis of this assessment in 2021, the assessment may be a contributing factor in recommendations when other board-related concerns have been identified.
Board Refreshment/Tenure. Although investor concerns regarding a lack of board refreshment relate to staleness of director skills and erosion of independence, investors also consider a lack of board refreshment an impediment to increasing board diversity. Beginning in 2021, Glass Lewis will note as a concern instances where the average tenure of nonexecutive directors is 10 years or more and no new independent directors