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January 28, 2005
An IPO for the Big Board?
Posted by Dominic Basulto
Speculation continues to build that the New York Stock Exchange could be preparing for an IPO. According to the New York Post, seat owners at the exchange are pushing CEO John Thain to move more quickly from a not-for-profit status to a for-profit status. At the World Economic Forum in Switzerland, though, Thain hedged his bets, only noting that the NYSE "may consider an IPO." Talk about an IPO for the Big Board has been around since at least 1999, when Slate wrote that "investors are salivating for a piece of the New York Stock Exchange."
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