SEC probes in any event two exchanging firms over NYSE listings

in #zzan5 years ago

The U.S. securities controller has asked in any event two exchanging firms for data in regards to a wide investigation into beginning open offerings and direct listings returning five years on the New York Stock Exchange, a person acquainted with the issue told Reuters on Friday.

The U.S. Securities and Exchange Commission has asked for documents from Citadel Securities and GTS, the source said.

Prior in the day, the Wall Street Journal announced that the SEC was examining listings of Slack Technologies Inc and different unicorns on the NYSE, focusing on their first day of exchanging.

The SEC had asked Citadel Securities for data on how it opened Slack's first day of exchanging, the Journal announced https://on.wsj.com/2EDYDlh.

"The immediate listing of Slack was a tremendous success for the organization, its shareholders and our country's capital markets. From our vantage point, we stand solidly behind the trustworthiness and transparency of the listing and estimating process on this significant transaction," Citadel Securities spokesman Zia Ahmed said.

NYSE spokesman Farrell Kramer said in a statement that the trade "places a premium on transparency, reasonable access and robust value discovery in helping companies access people in general markets".

A SEC spokesperson and GTS spokesman Rich Myers declined to remark, while Slack didn't promptly respond to a Reuters' request for input.