Silicon Valley Exchange Lists First Two Companies in ESG Push

A stock exchange hatched out of Silicon Valley that’s taking on established rivals in New York and Chicago is listing its first two companies.

Twilio Inc., a $63 billion cloud-based software company, and Asana Inc., a work-management platform valued around $12 billion, will list their shares on the Long-Term Stock Exchange Thursday, LTSE said in a statement.

The exchange, led by Silicon Valley entrepreneur Eric Ries, caters to environmental, social and governance investing because of its stricter protocols and long-term approach. Backed by venture-capital firms, it won approval from the U.S. Securities and Exchange Commission in 2019. ...