Relative to a traditional IPO process, a direct listing

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Relative to a traditional IPO process, a direct listing

Relative to a traditional IPO process, a direct listing

▸ can save the issuer millions of dollars in investment banking fees.

▸ is illegal in the United States.

▸ is much more costly so rarely used.

▸ has a much longer road show.

Textbook

Fundamentals of Investing

Edition: 14^th

Authors: Zutter, Smart

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