By Dean Seal

The New York Stock Exchange has agreed to a broad collaboration arrangement with the Tel Aviv Stock Exchange that provides for the potential dual listing of public companies.

The two exchanges said Tuesday that they have signed a memorandum of understanding, under which they will explore ways to find dual-listing candidates, promote the benefits of dual listings and support related market activities.

Listing companies on both the NYSE, which is the world's largest stock exchange by market capitalization and owned by Intercontinental Exchange Inc., and Israel's only public stock exchange would broaden the investor pool for those securities and give investors exposure to "two of the world's most innovative economies," the exchanges said.

The exchanges also said they would consider the development of new products in the environmental, social and governance space, among others.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

December 06, 2022 12:15 ET (17:15 GMT)

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