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Shares of Sequoia-backed startup Unity Software jumped 44.2 percent in their debut on the New York Stock Exchange on Friday, signaling sustained demand for new stocks. The company’s stock opened at $75 per share, giving the firm a market value of $19.75 billion. The Silicon Valley startup on Thursday raised $1.3 billion in its IPO, …

The New York Stock Exchange has indicated that it will move its electronic trading systems out of New Jersey if the state implements a proposed tax on financial transactions, according to an internal memo seen by Reuters. The NYSE plans to announce that it will run one of its exchanges from a backup site in …

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 …

While Main Streets throughout the country are moving to reopen from coronavirus lockdowns, Wall Street is sending clear signals that it is in no rush to get back in the office. In a memo to staff on Tuesday, Capital One Financial’s chief executive Richard Fairbanks announced that the $370 billion bank will keep all non-essential …

Sen. Kelly Loeffler is cashing out to prove that she wasn’t cashing in. The Georgia Republican announced Wednesday that she and her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange, are liquidating their individual stock holdings to combat allegations of illegal insider trading. Loeffler is one of a handful of US Senators who …

The Big Board’s famous trading floor is about to go dark. The New York Stock Exchange on Wednesday said its COVID-19 screening process has yielded two positive tests. As a result, the exchange said it will close its physical trading floor on Monday, March 23, and move to a fully electronic trading system. “They’re finally …