 "Stock market")
6...3...now voluntary:T+3 for IPOs is optional
Starting this month, the trade date plus three (T+3) timeline for initial public offerings has become voluntary. As a steady stream of issues hits the market, it remains to be seen which company will be the first to experiment with a shorter timeline. Market players have suggested that it will be easier for issues closing later in the week to opt for the T+3 timeline, as it will provide them with two additional non-working days to complete the listing formalities. Currently, the IPO listing timeline is T+6, indicating that an IPO issue gets listed six working days after its close.
Hotel stocks get the red carpet welcome
