U.S. regulators approve new Silicon Valley stock exchange

(Kenny Grant) #1

The U.S. Securities and Exchange Commission today approved the creation of the Long-Term Stock Exchange, or LTSE, a Silicon Valley-based national securities exchange promoting what it says is a unique approach to governance and voting rights, while reducing short-term pressures on public companies.

There’s some interesting comments from the ceo over on HN:

https://news.ycombinator.com/item?id=19881673

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(Simon) #2

Thanks for sharing, this is the first I have heard of this I think the idea is really promising for companies and innovation but could be a volatile exchange to buy stock on. I wonder how much the exchange will really effect the markets appetite for short term results and quarterly growth…

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(Kenny Grant) #3

I think the only way it could is if it has buy-in from companies too, but I would not be surprised to see some major companies dual list then eventually single list on this exchange. It does sound like many SV companies are sick of the dysfunction and myopia of current markets.