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A Year in Review: Thryv’s Journey Since Its Direct Listing on NASDAQ 

In our prior article on the latest and greatest in direct listings, we noted that we were expecting that Nasdaq would follow the NYSE’s lead to allow for capital raising concurrently...

Daily Times May 28, 2021 ISLAMABAD: In continuation of its efforts for creating an enabling eco-system to improve capital formation in the country, the Securities and Exchange Commission of Pakistan (SECP), in coordination with Pakistan Stock Exchange (PSX), has approved a framework for Direct Listing of companies at PSX. Direct listing, unlike conventional offerings, is a process whereby a company can get listed on the stock exchange by selling existing shares to accredited investors, existing shareholders, and a specific category of investors, without the mandatory appointment of intermedia...

Nasdaq's move follows the US Securities and Exchange Commission's (SEC) approval last week of a Nasdaq proposal to allow companies to raise capital in a direct listing as long the shares start trading within the indicated price range set.

The CDL Order cannot be modified or cancelled by the company once entered.