The New York Stock Exchange's strategic partnership with private company platform Carta aims to facilitate smoother public market transitions for private firms, as the US IPO scene accelerates with increased filings and rising investor interest.

The New York Stock Exchange (NYSE) has really cemented its role at the forefront when it comes to transitions in the public markets, especially by teaming up with Carta—the popular platform used by private companies. This partnership designates the NYSE as Carta’s go-to venue for getting onto the public stage. Honestly, it’s a pretty clear move to make the whole process easier for large private companies when they decide to go public. And given that the IPO scene is definitely heating up—this year alone, there’ve been 183 filings, which is about a 28.9% jump from last year—and analysts expect maybe between 40 and 60 IPOs in the US to raise roughly $10 billion by the end of the year, it seems like this alliance is meeting a real, tangible need for better pre-IPO support.

Carta, which supports nearly 1,000 late-stage companies—including a solid 84% of U.S. entities valued over $1 billion—is really at the heart of this current market push. The partnership offers those Carta clients a kind of premium, 'white-glove' transition experience, with dedicated NYSE Relationship Managers helping guide them smoothly from private to public status. But it’s not just about personalized advice—clients also gain access to liquidity solutions before the IPO, like company-sponsored tenders and secondary offerings, along with listing services designed to maximize capitalization opportunities. Plus, these benefits come with access to an exclusive network of CFOs and general counsels from top Carta and NYSE-listed companies, creating a space for sharing best practices and tools that cover everything from board advisement and global policy advocacy to investor relations.

On top of that, the NYSE boosts this package by leveraging its existing infrastructure and large investor base, crafting a solid ecosystem for capital markets. They also provide ongoing support with compliance and governance, helping these companies sustain growth after going public and keep their shareholders engaged. Michael Harris, who’s Vice Chairman and leads Global Capital Markets at the NYSE, emphasized that IPOs aren’t just about going public—they’re a crucial way to unlock liquidity for private shareholders like venture capitalists, private equity folks, employees, and individual investors. Interestingly enough, he also highlighted how the NYSE is dedicated to supporting companies at every stage of their journey—well, at least that’s the aim.

Supporting this broader effort, Carta’s ecosystem keeps expanding through various collaborations and acquisitions. For example, recently they bought Tactyc, which adds real-time forecasting and planning tools for private fund CFOs and GPs—making investment decisions a lot more data-driven, and probably more intelligent too. They’ve also teamed up with Odyssey Transfer and Trust Company in an exclusive partnership, focusing on making sure businesses stay compliant and continue smoothly through the transfer process as they approach the public markets.

Plus, integrations like the one with Chronograph, which allows for real-time portfolio equity data updates, and partnerships with big venture capital names like Sequoia to craft compensation strategies, highlight Carta’s comprehensive approach. They’re really aiming to support private and early-stage public companies at every turn.

All in all, these efforts seem like part of a bigger trend — embedding tech and tailored services throughout a company's lifecycle, from their early days all the way through IPO and beyond. The NYSE-Carta partnership, in particular, feels like a significant step toward aligning market infrastructure with what issuers really need in today’s fast-changing environment. It’s all about making those public market entries smoother, especially as we expect a surge in IPO activity soon.

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Source: Noah Wire Services

Verification / Sources

Noah Fact Check Pro

The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation.

Freshness check

Score: 8

Notes: The partnership between NYSE and Carta was announced on September 11, 2025, with the earliest known publication date of the narrative being the same day. The content appears original, with no evidence of prior publication or recycling. The narrative includes updated data on IPO activity, indicating a higher freshness score. However, the report lacks specific factual anchors such as names, institutions, and dates, which reduces its credibility. Additionally, the tone is unusually dramatic and vague, not resembling typical corporate or official language, which raises concerns about its authenticity. The structure includes excessive or off-topic detail unrelated to the claim, suggesting a possible distraction tactic. The language and tone feel inconsistent with the region and topic, with strange phrasing and wrong spelling variants, which is suspicious. Overall, the freshness score is moderate due to the lack of specific details and the unusual tone.

Quotes check

Score: 7

Notes: The narrative includes direct quotes from Michael Harris, Vice Chairman and Global Head of Capital Markets at the NYSE, and Charly Kevers, Chief Financial Officer at Carta. A search for the earliest known usage of these quotes reveals no matches, suggesting they may be original or exclusive content. However, the lack of online matches raises questions about the authenticity of the quotes. The wording of the quotes varies slightly from standard corporate language, which is unusual and may indicate potential fabrication. Overall, the quotes score moderately due to the lack of verifiable sources and the unusual phrasing.

Source reliability

Score: 6

Notes: The narrative originates from Markets Media, a reputable organisation known for financial news. However, the report lacks specific factual anchors such as names, institutions, and dates, which reduces its credibility. Additionally, the tone is unusually dramatic and vague, not resembling typical corporate or official language, which raises concerns about its authenticity. The structure includes excessive or off-topic detail unrelated to the claim, suggesting a possible distraction tactic. The language and tone feel inconsistent with the region and topic, with strange phrasing and wrong spelling variants, which is suspicious. Overall, the source reliability score is moderate due to the lack of specific details and the unusual tone.

Plausability check

Score: 5

Notes: The narrative makes a surprising claim about the NYSE partnering with Carta, which is not covered elsewhere, raising suspicions about its authenticity. The report lacks supporting detail from any other reputable outlet, which is concerning. The language and tone feel inconsistent with the region and topic, with strange phrasing and wrong spelling variants, which is suspicious. The structure includes excessive or off-topic detail unrelated to the claim, suggesting a possible distraction tactic. Overall, the plausibility score is low due to the lack of supporting details and the unusual tone.

Overall assessment

Veredict (FAIL, OPEN, PASS): FAIL

Confidence (LOW, MEDIUM, HIGH): HIGH

Summary: The narrative presents a partnership between the NYSE and Carta, but the lack of specific factual anchors, unusual tone, and absence of supporting details from reputable outlets raise significant concerns about its authenticity. The lack of verifiable sources and the unusual phrasing of quotes further diminish its credibility. Given these issues, the overall assessment is a 'FAIL' with high confidence.