The United States will soon have a new stock exchange after The Securities and Exchange Commission (SEC) has approved a request submitted to form the Long Term Stock Exchange (LTSE), a platform formed by leading companies in Silicon Valley. This could be a new field for investors who have memorized Como investir em ações .
The authorities stated the formation of the stock market was intended to reward investment and the company’s long-term business strategy. LTSE was given the green light to become a national stock exchange, which would enable it to list as well as operate as a place for stock trading.
One of the uniqueness that also becomes a polemic from the establishment of this platform is that shareholders will be given more voting power over time they own shares. Steve Goldstein, an LTSE spokesman, said the exchange would also emphasize governance standards such as sustainability, executive salaries, and diversity.
The next step that will be taken in the formation of the start-up exchange is to collect files related to the listing standard to the SEC. The exact regulation regarding this matter is still in the formulation stage, but the stock exchange believes that it can accept the company by the end of this year.
LTSE, located in San Francisco, will become the 14th stock exchange in the United States. During this time, stock trading in the United States was dominated by the New York, Nasdaq, and Cboe stock markets, which when combined held 60 percent of the superpower’s total market volume.
While this new stock exchange will have additional rules designed to encourage companies to focus on long-term innovation rather than short-term (quarterly) earnings reports. Besides, the new stock exchange will also ask companies to limit bonuses for short-term achievements. So the company can provide many benefits and openness for investors about long-term plans.
The average age of technology startups is 12 years by showing significant revenue growth. Besides, startups that have been listed make it possible to list on other stock exchanges. Until now there have been several US technology companies and asset managers that have been officially registered.