NASDAQ Plans To Ease IPOs With New Exchange
NASDAQ OMX's Bruce Aust dropped this tidbit at the VentureWire conference this morning in Silicon Valley, although he wouldn't provide many details. The exchange would work under the NASDAQ's Boston license, which NASDAQ acquired a couple of years ago along with the Boston Stock Exchange, and would be a "lower-tier listing market" aimed both at emerging companies and companies that are financially solid but can't meet the NASDAQ's current listing requirements. It would be good for VCs. "We've seen (VCs and companies) looking for alternative ways to exit, and we want to create a market to make it easier," he said in an interview. NASDAQ has been working closely with the National Venture Capital Association on this project, but still has to get it approved by the SEC. He wouldn't say how long that might take.
