Last week the SEC approved a plan by the NYSE to approve direct listings, which let companies come to market without the underwriters that charge hefty fees to bring the deals to the street and reach institutional and retail investors. Direct listings now get the green light for larger companies that want to pursue that model of selling shares directly to investors, PYMNTS reports. The article also looks at the impact of SPACs on the IPO landscape.
“This is a game-changer for our capital markets, leveling the playing field for everyday investors and providing companies with another path to go public at a moment when they are seeking just this type of innovation,” NYSE President Stacey Cunningham said in a statement. Read more.
