NYSE Partners with Private Company Platform Carta
The partnership comes amid increased IPO activity and an expected surge of public offerings. Analysts anticipate the fastest pace of deal activity since 2021, with 40 to 60 US IPOs expected by year-end, according to a story in MarketsMedia news. Carta has joined forces with the New York Stock Exchange in a strategic partnership that designates the NYSE as Carta’s preferred public listing venue. The strategic partnership between the NYSE and Carta, a leading platform for private companies, offers growth and late-stage companies a comprehensive range of pre-IPO liquidity solutions. These solutions include company-sponsored tenders, IPO-readiness tools, and access to IPO listing services. The partnership comes amid increased IPO activity and an expected surge of public offerings in the coming months. So far this year companies have filed 183 IPOs, a 28.9% increase from last year. Analysts anticipate the fastest pace of deal activity since 2021, with 40 to 60 US IPOs expected to raise roughly $10 billion between now and year-end.