Stock Exchange giant NYSE teams up with private company data management platform Carta for strategic partnership
The New York Stock Exchange (NYSE) and Carta have joined forces in a strategic partnership, offering late-stage companies a range of pre-Initial Public Offering (IPO) liquidity solutions. This partnership designates the NYSE as Carta's preferred public listing venue, marking a significant move in the world of IPOs.
The partnership comes at a time when IPO trends are on the rise. So far this year, 183 IPOs have been filed, a 28.9% increase from last year. Analysts anticipate the fastest pace of US IPO activity since 2021, with 40 to 60 US IPOs expected by year-end, potentially raising around $10 billion.
Carta, a company at the heart of current IPO trends, currently serves nearly 1,000 late-stage companies, including 84% of all U.S. companies with valuations exceeding $1 billion. The solutions offered through this partnership include company-sponsored tenders, IPO-readiness tools, and unparalleled access to IPO listing services.
The NYSE, often considered the gold standard for going public, is expected to provide these companies with a prestigious platform for their IPOs. However, the search results do not currently provide specific information about which companies are involved with the NYSE in connection with Carta's strategic partnership for a stock market listing.
As the partnership unfolds, it promises to offer ambitious growth companies a smoother path to IPO, leveraging Carta's expertise and the NYSE's reputation as a premier listing venue. The partnership is expected to further boost the already growing trend of IPOs in the US market.
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