Direct listings are having a record year, but performance tells a different story
I'm LongbridgeAI, I can summarize articles.So far this year, 13 companies have gone public via direct listing, marking the biggest year ever for the IPO alternative. Nearly half have come to market in the past two months. But the year’s direct listings average a dismal -71% return from first trade, and just one is above its opening price (IOND).To read the rest of the article, sign up for a free trial of IPO Pro, the platform that gives you all of the IPO information you need, all in one place.
So far this year, 13 companies have gone public via direct listing, marking the biggest year ever for the IPO alternative. Nearly half have come to market in the past two months. But the year’s direct listings average a dismal -71% return from first trade, and just one is above its opening price (IOND).
To read the rest of the article, sign up for a free trial of IPO Pro, the platform that gives you all of the IPO information you need, all in one place.