Let’s take the worst case scenario.
The market coupling idea does play out.
How bad could it get for IEX?
We know sentiment wise it’s bad. But what about from a “value” perspective?
Also, does this change the companies plans related to other exchanges.
Exchanges are potentially lucrative businesses if run well. They will always be susceptible to regulatory action. After all they operate in regulated markets.
The point is at what point does the price justify even the worst case scenario.
I have not done the numbers. But perhaps someone else has?
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