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First Black-Owned U.S. Stock Exchange to Open Next Year - sm

Posted: Jun 19th, 2021 - 7:52 am

The Dream Exchange promises to provide space for smaller IPOs, which would ideally benefit minority-owned enterprises.

The world of securities trading is about to get a new player: The Dream Exchange -- advertised as the first minority-owned stock exchange in the U.S. -- is preparing to open for business in 2021.

Founded in 2018, the Dream Exchange is a partnership between Joe Cecala, a veteran securities lawyer, and Cadiz Capital, a majority Black-owned mergers-and-acquisitions boutique based in St. Louis.

A key mission of the exchange will be to provide a market in which minority-owned businesses can raise capital. It believes that small initial public offerings -- those under $50 million in total -- can be a driver of the economy, but they have essentially vanished in favor of much higher-ticket issues. This has also impacted minority-owned businesses, as many of these that would want to go public would have IPOs falling into the sub-$50 million category.

LINK/URL: First Black-Owned U.S. Stock Exchange to Open Next Year

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First Black-Owned U.S. Stock Exchange to Open Next Year - sm (Views: 576, 2021-06-19, 7:52 am)
- If the exchange happens to be owned by blacks fine, but - if the companies listed on it can (Views: 327, 2021-06-19, 7:55 am)
  - I agree as long as EVERYBODY can participate and as - long as it is not limited to black (Views: 292, 2021-06-19, 7:57 am)
  - I can't imagine they would succeed if they exclude non-blacks. - nm (Views: 312, 2021-06-19, 10:18 am)
    - I see Amazon, Target and a few others promoting black - businesses. I personally don't (Views: 313, 2021-06-19, 12:14 pm)
- I’m for black owned business succeeding, but these - businesses could also get listed (Views: 313, 2021-06-19, 8:16 am)
- If it's for all small businesses regardless of color or - minority status but from what I've (Views: 253, 2021-06-19, 12:06 pm)
- Will they trade the stock of white businesses or white owned - start up companies? Is this exchange (Views: 326, 2021-06-20, 5:20 am)
- I'll pass. I am sick to death of this racism. NOW - they want the people they call white supremacists (Views: 294, 2021-06-20, 8:59 pm)