Nasdaq's New Portal Market: IPO Alternative for Startups?

The benefits of an IPO w/o the regulatory burden?

Here's an overview:

Any private firm can list on Nasdaq's new platform ... [any firm that does list] would remain private and not have to make public their financial statements or submit to federal regulation, such as the Sarbanes-Oxley corporate accountability law.

Sarbanes-Oxley compliance costs prevent many legitimate companies from going public that would have otherwise done so. So this could definitely be an attractive choice for companies in this situation.

Too bad this market is only accessible by mutual funds and the super rich..

Will there be a Portal index? I wonder how long it'll be before there's a Portal Market ETF, for that matter.

Sounds like a very welcomed alternative.

Strange.

I just tried to submit this same article, and now I can't vote this one up. What's the deal?

When you submit the same link it just up-votes it for you instead of re-submitting.

I assumed as much. Thanks for clearing that up.