BlockBeats News, December 13th, according to Reuters, the Nasdaq Stock Exchange has been granted greater discretion to reject IPO applications that pose manipulation risks. This new rule was immediately approved by the U.S. Securities and Exchange Commission (SEC) last Friday.The new rule authorizes Nasdaq to reject a company's listing in the following cases: if the company's jurisdiction does not cooperate with U.S. regulatory reviews; if underwriters, brokers, lawyers, or audit firms have been involved in questionable transactions; if there are doubts about the integrity of the management team or major shareholders. This move aims to address the issue of a large number of small IPOs experiencing price collapses shortly after listing in recent years. In the past year, half of Nasdaq's IPO fundraising amounts were less than $15 million, with the majority of their stock prices falling over 35% within a year.

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