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Private stocks poised to dethrone public

As unlisted securities become more attractive to investors and companies, they pose a growing challenge to the dominance of public stock exchanges.

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Private stock exchanges will only multiply in the future - and the impact on public stock exchanges such as the New York Stock Exchange (above) will be one to watch.

PUBLIC stock exchanges have been around for centuries, with initial public offerings (IPOs) long marking the holy grail for companies and their investors. Not only are IPOs traditionally revered as a symbol of triumph for companies, they pave the way for king-sized fundraising through the mass...

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