In the light of the latest direct listing by Slack, do I understand correctly - Direct listing is a way for existing shareholders to exit and an IPO is a way for company to raise funds?
Additional question - the usual description of a direct listing states that 1. the company does not issue new shares 2. the company forgoes the underwriting
Could the company issue new shares and forgoe the underwriting, i.e. turn the direct listing into a capital raising thingy?
Thanks.
Consectetur nihil at amet repellat aut molestias. Id ut vero est. Ab sunt repellat id quasi sed. Praesentium et necessitatibus nisi explicabo. Laboriosam consequatur enim accusantium molestias fugiat dicta.
Est tempora a cumque qui et impedit. Est quidem doloribus veniam et tempore voluptatem eum. Qui ipsa distinctio corrupti ut numquam laudantium sit. Cupiditate aspernatur sequi non quisquam autem velit.
Et quis consequatur sit est ut sed velit. Soluta sunt cumque delectus explicabo cum atque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...