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Comment by xyst | Hacker News Reader

Probably not much? Scammy companies that cannot meet the standards of NYSE or NASDAQ will list on TSE instead?

May as well be buying OTC

I don't think it will only attract scammy companies. In fact, wouldn't it be great if smaller businesses could go public as long as their numbers fit? The NYSE and NASDAQ not only have a high bar, but that bar is even higher now than when companies like Apple and Microsoft went public. For example, the Enron scandal raised the standards for public listings, but you could also argue that it unfairly punished legitimate businesses for the sins of others.

It could also help dynamize investments by providing shorter exit pathways, making it easier for investors to recycle capital into new startups.

There are lots of alternate venues already for listings.

Most of the cost in going public comes from federal securities law, not exchange rules.

I don't see how your answer fits in the flow of this thread. The thread specifically mentions scammy listings so those listings should obbey securities law to be on an exchange.

The bar that was raised after Enron was federal securities law. Not nyse/nasdaq rules (which vary for the many venues they own)

If a company doesn’t like nyse/nasdaq rules there are many other places to list, so changing one of nyse’s own venues names is unlikely to add any value for a small company looking to go public.

TXSE*

TSE would be the Tokyo Stock Exchange

>Toronto Stock Exchange

FTFY

It's really damn amusing and confusing when Toronto mostly refers to themselves as TSX, and the Tokyo Stock Exchange goes by TSE or TKS...

You are right; I was mistaken. TSX is the usual shorthand for Toronto Stock Exchange, not TSE.

No no, wasn't meant to correct you. Just highlighting the insanity of the various exchange nicknames/acronyms/self-definitions.

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