What’s going on? US regulators approved a ruling that will allow companies to raise money by listing directly on the NYSE. In a direct listing, a company floats its shares on an exchange without hiring IBs to underwrite the transaction as an IPO. In addition to saving on fees, companies that follow the direct listing…
Tag: direct listing
Ep 102: Spotify Scrapped
What’s Going On Here? Spotify wrapped up last year with disappointing fourth-quarter earnings, something unbelievable for the streaming giant. What Does This Mean? Spotify added 11 million paying customers in Q4/2019, beating investors’ expectations and bringing the total number of subscribers to 124 million – more than double its closest rival. But it’s been spending big…
Ep 34: Picking Up The Slack
What’s Going On Here? Slack, the American workplace messaging service, listed on the US stock market on via a direct listing – cutting out the investment banks (which normally manage the sale of new shares). Direct listings are an alternative to IPOs in which a company does not work with an investment bank to underwrite the issuing…
with HT 