Tired with the short-term thinking of Wall Street, a group of entrepreneurs are applying to operate a whole new US stock exchange called the Long-Term Stock Exchange (LTSE). The ambitious project aims to overhaul how companies raise money and bring about better corporate governance by introducing rules designed to reward long-term shareholding and long-term business strategies. The move to become a full-fledged stock exchange comes amid challenges to Wall Street’s traditional approach to financing businesses, with companies turning to quick-fire ways of raising funding like cryptocurrency initial coin offerings.
A stock exchange that rewards long-term thinking may soon be fully operational
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