The new “Long Term Stock Exchange” (LTSE) was built around five core principles of staying long-term focused on strategy, stakeholders, compensation, boards, and investors. The rise of the LTSE comes as companies in general are becoming more wary of public markets and IPOs, from more and more companies staying private before they go public, recent direct listings from Spotify and Slack, and the rise of the Special Purpose Acquisition Vehicle (SPAC) that facilitates IPOs via a merger.
It will be interesting to see if LTSE could attract some interesting firms to list or dual list in it.