TITLE

NYSE rebels gain ground in IPO push

AUTHOR(S)
Elstein, Aaron
PUB. DATE
January 2005
SOURCE
Crain's New York Business;1/31/2005, Vol. 21 Issue 5, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that an initial public offering for the New York Stock Exchange (NYSE) aims to boost stock exchanges' seat prices. A pair of investors is snapping up seats and is using its newfound leverage to prod the NYSE to do something it has never done in its 213-year history-sell its own shares. While the idea of an initial public offering for the NYSE has been around for years, what is striking about the current movement is the ability of a new group of vulture investors to quickly mount a credible challenge to the exchange's leadership.
ACCESSION #
16019977

 

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