On August 26, 2020, the Securities and Exchange Commission approved allowing the New York Stock Exchange to permit "direct listings" of newly public companies. The Nasdaq has had this ability for several years- companies like Spotify took advantage of this alternative method of going public....
On June 19, 2017, the New York Stock Exchange withdrew its proposal, originally submitted in March, to allow companies to list on the big board through a so-called "self-filing" without an IPO. In a self-filing, a company seeks for previously issued shares of stock to...
IPO alternatives appear to be alive and well as we learn from press reports that unicorn music service Spotify may go public through a "self-filing." In my first book, over 10 years ago, I talked at length about the potential value of this very straightforward...