Startups
Dream Exchange is a company currently in the process of preparing its formal application to operate a national market system stock exchange. It will be the first majority black-owned and operated company to operate a stock exchange in the history of the United States. In addition, Dream Exchange is championing the creation of a new type of stock exchange called a venture exchange, to list and trade small-to-mid-sized, early-stage company stock. Dream Exchange’s mission is to create equality of opportunity through a marketplace that instills ethics, integrity, humanity, and access into our financial markets. In 2015, Joe Cecala, Founder and CEO of Dream Exchange, began to research the capital marketplace and found that the small IPO market had been in decline since the late 1990's. The development of high-frequency electronic trading made small IPOs less profitable for large investment banks and stock exchanges and the result was a steep decline in the number of IPOs in the $50 million and under range. Cecala understood that this problem affected people from every sector of our society because, 92% of all jobs created within a company are created after the company goes public. Cecala’s solution was to create legislation to alter the market structure and to invent a new type of stock exchange designed for small-to-medium-sized businesses. In late 2019, Cecala partnered with Dwain Kyles, Managing Member of DX Capital Partners to allow for Dream Exchange's scope to expand and not only help small businesses, but also to address the lack of Minority representation in finance by becoming the first Minority-owned exchange. For more information about us, click here- https://www.liinks.co/dreamex
Mentions in press and media 3
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| Jun 12, 2024 | Getting Funding as a Minority-Owned Business Shouldn't Be a Far-Fetched Dream. Here's How This CEO is Making Public Capital More Available to All. Historically, minority-owned businesses have faced barriers that limit their access to public capital and other necessary financial resources essenti ... | The entrepreneurship landscape is diverse, reflecting the rich tapestry of our society, yet this diversity is scarcely mirrored in the financial sector. Consider the telling statistics: Minority-owned publicly traded companies represent a m... |
| May 23, 2024 | Dream Exchange Receives Investment from Harvey Catchings | Dream Exchange, a Chicago, IL-based minority-controlled stock exchange in the United States, received an investment from Harvey Catchings. The amount of the deal was not disclosed. The company intends to use the funds to expand operations a... |