Analysis: New direct listings won't spell the death of US IPOs

The U.S.

Securities and Exchange Commission's approval of capital raisings through direct listings will be seized on by some startups, yet most companies will still opt for initial public offerings (IPOs), capital market insiders say. The financial regulator greenlighted the New York Stock Exchange's request last week to allow companies to raise money in stock market debuts through direct listings, without using underwriters as is customary with IPOs. The move was celebrated by Silicon Valley investors, who complain that investment.....

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