The Crone Law Group, P.C.

European tech #funding stalls in 2024 but #IPO window to open, report says   Funding for European technology startups in 2024 is set to stall slightly below last year's level but a window for new listings is opening again, an industry report by venture capital firm Atomico said on Tuesday.   Europe has more than 350 companies valued over $1 billion. However, over the past decade only 15 European countries have seen initial public offerings of over $1 billion, with almost half of them in Britain, data collected by Atomico showed.   https://lnkd.in/eD9vSw7i   #cronelaw The Crone Law Group, P.C.

Bankers See Asia Deal Drought Easing as Hong Kong #IPOs Pick Up • More Chinese companies are considering listings in Hong Kong • India share sales have raised a record $49 billion this year After a lean couple of years, bankers in #Asia are seeing signs of a recovery in initial public offerings.   The number of Chinese firms considering #public flotations in Hong Kong is increasing as the benchmark Hang Seng Index heads for its first annual gain since 2019. India has already notched up a record year in terms of #funds raised from share sales, with more planned, while blockbuster #deals are lighting up Tokyo’s #stock #market.   https://lnkd.in/eZ_V_2Xi   #cronelaw The Crone Law Group, P.C.

The Crone Law Group, P.C. honors the courage and sacrifice of our veterans today and every day.   Happy Veterans Day!

Nasdaq and Cboe Challenge SEC Over New Stock Trading Rule   Nasdaq and Cboe Global Markets are challenging recent SEC updates to Regulation NMS, contending these changes could impact the U.S. equities market. The SEC's September rule adjustments include half-penny price increments, reduced access fee caps, and increased transparency on exchange fees. Cboe and Nasdaq argue that these amendments hinder price discovery and may compromise liquidity and investor outcomes. Both firms have filed for a review in the D.C. Federal Court of Appeals. https://lnkd.in/e-U5ZdUd #cronelaw #nasdaq #SEC The Crone Law Group, P.C.

We are pleased to welcome Fred Summer to The Crone Law Group, P.C. as Counsel. Bringing over 30 years of distinguished experience in securities, capital markets, and regulatory compliance, Fred enhances the depth of our team and the services we provide to clients. His expertise in areas such as the 1934 Act, broker-dealer regulation, and the Investment Company Act of 1940 will further strengthen our advisory capabilities.   Welcome to the team, Fred!    #Welcome #SecuritiesLaw #CapitalMarkets #CorporateLaw #CroneLawGroup

New York Stock Exchange is extending its trading hours to meet growing demand in the Robinhood era   In a game-changing move, the New York Stock Exchange (#NYSE) announced Friday it will be extending after-hours trading on its Arca electronic exchange.   The changes, which are subject to regulatory approval, would extend Arca electronic exchange hours from 1:30 a.m. ET to 11:30 p.m. ET Monday through Friday, or 22 hours a day, 5 days a week.   https://lnkd.in/eJEsM-vv   #cronelaw The Crone Law Group, P.C.

Job well done to our client – Oriental Rise Holding Limited Announces Closing of Initial Public Offering   Oriental Rise Holding (Nasdaq: ORIS), an integrated tea products supplier in mainland China, has successfully closed its initial public offering. The company offered 1,750,000 ordinary shares at $4 per share, raising $7 million in gross proceeds. Trading commenced on October 17, 2024, on the Nasdaq Capital Market under the ticker symbol 'ORIS.'   US Tiger Securities, Inc. acted as sole book runner for the offering, with The Crone Law Group, P.C. serving as counsel to the company.   https://lnkd.in/ecNyGaT5 #cronelaw #securities #ipo 

How #CFOs Can Gear Up For An #M&A Surge   In the following article Omar Choucair, CFO, Trintech,offers advice on how to approach the potential #M&A surge this coming year and notes that “As we enter Q4 2024, the #economic landscape remains as challenging as ever for #finance executives to predict the M&A market in the coming months, extending to 2025. M&A can offer opportunities for rapid expansion into new markets, geographies or product lines, which might be slower or more difficult to achieve organically, especially during times of economic volatility.”    https://lnkd.in/eSkT-CAs    #cronelaw The Crone Law Group, P.C.

#SEC approves #Nasdaq proposal related to bid price compliance periods and reverse splits   In July, the SEC posted a Nasdaq rule change proposal to “modify the application of the bid price compliance periods where a listed company takes an action to achieve compliance with the bid price requirement and that action causes noncompliance with another listing requirement.”    The proposed rule change was designed to address instances where, to regain compliance with the minimum bid price required by Nasdaq listing rules, a listed company implements a reverse stock split; however, while the reverse split may bring the company into compliance with the minimum bid price requirement, it may also, at the same time, lead to non-compliance with another listing rule—particularly, the requirements for the number of publicly held shares and number of public holders, triggering a new deficiency process with a new time period for the company to seek to regain compliance.   https://lnkd.in/eRG5tmy8   #cronelaw The Crone Law Group, P.C.

Three #startups aim to raise $400 mln as US biotech #IPOs gain traction   Three #healthcare startups are looking to raise up to $400 million in their #U.S. initial public offerings, underscoring the sector's strong rebound in 2024 after a two-year slump.   https://lnkd.in/eZnm9-Kd   #cronelaw The Crone Law Group, P.C.