• Airbnb files for IPO, reveals widening losses and falling revenue

    Airbnb files for IPO, reveals widening losses and falling revenue

    Airbnb filed for its long-awaited initial public offering revealing widening losses and falling revenue as the pandemic has kneecapped the travel industry. In a so-called S-1 securities filing on
  • Mobile gaming firm Skillz to go public through merger with blank-check company

    Mobile gaming firm Skillz to go public through merger with blank-check company

    Mobile gaming firm Skillz will float its shares on the New York Stock Exchange through a merger with Flying Eagle Acquisition, a blank-check company founded by Hollywood executives Harry Sloan and Jeff Sagansky. The transaction will value Skillz at around $3.6 billion, according to Skillz. Wellington Management, Fidelity Investments, Franklin Templeton Investments and Neuberger Berman …
  • NYSE relaxes fundraising rules in troubled IPO market

    NYSE relaxes fundraising rules in troubled IPO market

    Even The Big Board appears to agree that the IPO business is in trouble. After turning down a similar rule change in December, the Securities and Exchange Commission on Wednesday OK’d an application from the New York Stock Exchange to change how direct listings can be done on the country’s largest ticker temple. Companies looking …
  • Gov. Cuomo rings opening bell at reopened New York Stock Exchange

    Gov. Cuomo rings opening bell at reopened New York Stock Exchange

    Gov. Andrew Cuomo rang the opening bell at the New York Stock Exchange Tuesday as brokers returned to its iconic trading floor for the first time in two months. The Democratic governor kicked off the first day of in-person trading at 11 Wall St. since the floor’s longest-ever closure began on March 23. “In the …
  • New York Stock Exchange trading floor set to reopen today

    New York Stock Exchange trading floor set to reopen today

    The New York Stock Exchange is set to reopen its iconic trading floor Tuesday with new safety measures in place to ward off the coronavirus. The partial reopening will bring an end to the floor’s longest closure ever. It shut down more than two months ago on March 23 after some staffers tested positive for …
  • Nasdaq Plans to Delist China’s ‘Luckin Coffee’ for Inflating Sales Numbers

    Nasdaq Plans to Delist China’s ‘Luckin Coffee’ for Inflating Sales Numbers

    The Nasdaq Stock Market notified the Chinese cafe chain Luckin Coffee that it plans to delist it from the U.S. stock exchange, the company said Tuesday. The Listing Qualifications Staff cited two reasons in their written notice for the decision to delist, the company said in a regulatory filing, including “public interest concerns” related to …
  • NYSE aims to partially reopen iconic trading floor on May 26

    NYSE aims to partially reopen iconic trading floor on May 26

    The Big Board is switching back on. The head of the New York Stock Exchange on Thursday said the iconic trading floor will partially reopen on May 26 while adhering to strict new health guidelines. In an op-ed piece published in the Wall Street Journal, NYSE President Stacey Cunningham vowed to get the world renowned …
  • Trump ‘looking at’ Chinese companies trading on US stock exchanges

    Trump ‘looking at’ Chinese companies trading on US stock exchanges

    The US has its eye on Chinese companies listed on American stock exchanges amid an escalating trade dispute with Beijing, President Donald Trump said. The feds are “looking at” the idea of forcing Chinese firms to follow US accounting rules if they want to trade on the New York Stock Exchange or Nasdaq markets, Trump …
  • Sen. Kelly Loeffler got $9 million ‘windfall’ from NYSE parent company

    Sen. Kelly Loeffler got $9 million ‘windfall’ from NYSE parent company

    Sen. Kelly Loeffler received a seven-figure compensation package on the way out of her lucrative job at the New York Stock Exchange’s parent company, a new report says. The Georgia Republican received more than $9 million in stock and other awards when she left Intercontinental Exchange, where her husband is the CEO, The New York …
  • NYSE opened its coronavirus-shut doors to facilitate IPO

    NYSE opened its coronavirus-shut doors to facilitate IPO

    The New York Stock Exchange quietly used its trading floor to take a company public late last month — days after it had shuttered the famous pit because of a coronavirus outbreak, The Post has learned. The Big Board took a group of people onto the trading floor of its historic building at 11 Wall …