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JPMorgan and Goldman Sachs tech bankers say direct listings are just the beginning of reimagining old-school IPOs

spotify direct listing

  • Spotify and Slack were the first two big tech companies to choose a new way to go public, opting for a direct listing instead of an initial public offering.
  • Top tech bankers at Goldman Sachs and JPMorgan told Business Insider that they expect more companies to go the direct listing route in 2020.
  • The bankers also expect to see more innovation for both IPOs and direct listings, even after the SEC this month scuttled a proposed change from the New York Stock Exchange to allow companies to raise fresh capital in a direct listing.
  • “We’re absolutely on the side of innovation read more >>>

    Source:: BusinessInsider.Com