NASDAQ SUBMITS NEW PLAN WITH MORE POWER TO BLOCK IPOS VULNERABLE TO MANIPULATION

Nasdaq filed a new rule on Friday that would allow the exchange to block IPOs even when companies meet all listing standards if it detects red flags that could make a company's stock vulnerable to manipulation.

The move underscores a push to tighten gatekeeping as firms from opaque jurisdictions look to tap public markets in the U.S., where a deeper pool of capital often gives companies better valuations than they can get elsewhere.

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