The NYSE direct listing represents a “disruptive response” to growing interest in alternative mechanisms for taking a company public, TickerTape reports.
According to Alex Coffey, senior specialist, Trader Group at TD Ameritrade, exchanges “are looking to evolve and provide more opportunities for companies to raise capital.”
“Direct listings also raise certain risks for companies and investors,” Coffey added. Any investors considering buying shares in a direct listing would be wise to do some homework first. TD Ameritrade’s Ticker Tape offers a primer. Read more.
