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Nasdaq increases scrutiny of small-cap IPOs after wild swings

The Straits Times LogoThe Straits Times6d ago

Nasdaq increases scrutiny of small-cap IPOs after wild swings - The Straits Times

Quick Summary:

September 23, 2022 8:09 AM - NEW YORK - Nasdaq is stepping up scrutiny of initial public offerings (IPOs) by small-cap companies, according to people familiar with the matter, after a series of outsized gains by new listings that quickly evaporated.

The shares are still 785 per cent higher since its New York Stock Exchange IPO in July.

Addentax Group and Magic Empire Global are also among firms that have experienced massive share moves on trading debuts.


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Article Details

Category: Economy

Topics: Issuers People Companies Market Moves Nasdaq Month Small-cap Group Exchange Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 08:09:15

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 3 minutes read

Article Length: 496 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 481385

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

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