Market Overview

IEX Partners With Long-Term Stock Exchange To Host IPOs

IEX Partners With Long-Term Stock Exchange To Host IPOs

IEX, the startup exchange founded to combat high-frequency trading, announced a partnership Thursday with the Long-Term Stock Exchange that will offer a new method for companies to go public.

The Long-Term Stock Exchange intends to vet companies for their long-term value through the form of additional disclosures and governance requirements, according to a press release.

In a Medium post, Long-Term Stock Exchange CEO Eric Ries said that the exchange exists to “provide a public market option for companies who believe ... that vision and value should be measured over the long term.”

While the exchange intends to list companies on its own, it’s partnering with IEX to get to market quicker.

“We​ ​think​ ​LTSE​ ​offers​ ​a​ ​differentiated​ ​choice​ ​for​ ​companies,​ ​and​ ​will add​ ​to​ ​much​ ​needed​ ​competition​ ​in​ ​the​ ​listings​ ​market,”​ ​said​ ​Brad​ ​Katsuyama,​ ​IEX​ ​co-founder​ ​and​ ​CEO. “IEX​ ​was​ ​built​ ​to​ ​protect​ ​and​ ​serve​ ​both​ ​companies​ ​and​ ​investors​ ​by​ ​offering​ ​a​ ​fairer​ ​option.”

Related Links:

Detroit-Based StockX, Shinola Partner On Watch IPO 

Musk Says Tesla Would Be More Efficient Off The Market — Here's Why That Makes Sense

Posted-In: IEXFintech News Best of Benzinga


Related Articles

View Comments and Join the Discussion!

A Detailed Look Inside Leon Cooperman's Stock Portfolio

Leon Cooperman, Bill Gross On Bitcoin: 'I Don't Get It,' 'Lava Needs To Cool'