A new stock exchange, supported by prominent figures from Silicon Valley, has officially launched, aiming to cater to companies and investors committed to long-term growth in a market often influenced by short-term fluctuations.
The Long-Term Stock Exchange (LTSE) is now operational, allowing trading of all U.S. exchange-listed securities. The initiative is actively seeking listings, positioning itself as an alternative to established exchanges like the NYSE and NASDAQ, by emphasizing the importance of sustainable, long-term growth.
Founded by Eric Ries, a notable Silicon Valley entrepreneur who introduced the idea in his 2011 book, The Lean Startup, the LTSE has garnered approximately $90 million in backing from notable investors such as Founders Fund, Collaborative Fund, and Andreessen Horowitz.
Companies that decide to list on the LTSE must implement and uphold a set of policies that offer shareholders clarity into their long-term strategies and objectives. These policies are designed to evaluate success over an extended timeline, align executive and director compensation with long-term performance, and foster engagement from both directors and long-term shareholders.
Ries emphasizes that the Long-Term Stock Exchange provides businesses with a fresh avenue to go public, one that nurtures the growth of sustainable enterprises and builds stronger connections with investors who share a similar long-term outlook.