SEC has rejected NYSE's proposal to allow companies going public through a direct listing to raise capital at the same time (Ari Levy/CNBC)

Ari Levy / CNBC:
SEC has rejected NYSE's proposal to allow companies going public through a direct listing to raise capital at the same time  —  - Last week, the New York Stock Exchange filed for a rule change that would allow companies in a direct listing to raise capital.

via Techmeme