The Long Term Stock Exchange, backed by Peter Thiel and Andreessen Horowitz, is designed to appeal to founders who might prefer to stay private.
may have a stronghold on initial public offerings in the US, but Silicon Valley is ready to challenge the status quo.
The Long-Term Stock Exchange, a new exchange backed by Peter Thiel's Founders Fund and Andreessen Horowitz, just gained approval from the Securities and Exchange Commission, the companyThe approval makes the LTSE one of about a dozen different exchanges that are qualified to take companies public, as well as buy and sell shares on its automated platform.
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