Direct Listings Have Paid Off for Investors So Far: Report

Direct Listing

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.

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The SPAC Conference offers a forum for discussion about deal trends and why alternative IPO techniques such as SPACs and direct listings have gained favor with both companies and their investors. DealFlow Events has assembled a superb program, where the brightest minds in the business will discuss market dynamics and the latest investment opportunities.