Primary Direct Listings
By EsqSocial Corporation 31/12/20
What you need to know about this IPO alternative - On December 22, 2020, the Securities and Exchange Commission (SEC) approved a NYSE rule that permits an issuer, at the time of an initial listing on the NYSE, to conduct a primary offering as part of a direct listing without conducting a firm commitment underwritten offering. On the same date, Nasdaq submitted a substantially similar rule proposal that would, if approved by the SEC, permit a primary offering in conjunction with a direct...
By: Foley Hoag LLP - IPO, Then What?