Cost of Direct Listings May Be a Lower Valuation (The Information, 2020-10-21) Common Assumptions IPO underwriters are very greedy and cost the company and early shareholders a lot of money. Shares at IPO are undervalued (to satisfy the demand) and thus existing shareholders (who are locked in for 6-12 months) are losing on the “pop”. There’s
Direct Listings and Board Track Record Bias
Direct Listings and Board Track Record Bias
Direct Listings and Board Track Record Bias
Cost of Direct Listings May Be a Lower Valuation (The Information, 2020-10-21) Common Assumptions IPO underwriters are very greedy and cost the company and early shareholders a lot of money. Shares at IPO are undervalued (to satisfy the demand) and thus existing shareholders (who are locked in for 6-12 months) are losing on the “pop”. There’s