Eyewear maker Warby Parker Inc. last week became the latest company to file paperwork with the SEC for a direct listing, illustrating the staying power of the alternative path to public markets for companies that don’t need to raise money, The Wall Street Journal reports.
The still relatively small group of companies that have made their debuts on U.S. exchanges through direct listings have, on average, outperformed the S&P 500 and a key broader index for IPOs during the same period, according to an analysis by University of Florida finance professor Jay Ritter. Read more.
