Banks poised for Volcker relief ... co.: "Goldman Sachs has clawed its way into contention for a role in Saudi Aramco’s planned stock market listing, after a months-long charm offensive by top ...
Washington Post1dAnalysis
The example of Uber is certainly not an isolated case, e.g. UPS has successfully increased its market share by integrating ...
Hot technology startups have traditionally raised the cash they needed to break into the big time through initial public offerings. IPOs became synonymous with instant wealth for company founders and ...
There were 10 banks listed on Slack's S-1, the registration paperwork for its direct listing — but don't go calling them underwriters. Slack started trading Thursday at $38.50, up from the New York ...
Instead, it’s doing a direct listing. This go-public method reduces the number of banks involved in the process (and by extension, the fees the company pays out to them) and designates them as deal ...
YAHOO!2mon
Slack pursued an unusual direct listing rather than an IPO, meaning it did not have banks underwrite the offering. Slack reported a net loss of $138.9 million on revenue of $400.55 million for the ...
CNBC2mon
That roughly summed up the state of affairs as enterprise chat app Slack approached its stock market listing on Thursday. Going public is normally a carefully choreographed affair, stage-managed by ...
Underwriting and advising on IPOs are among the biggest fee generators for the biggest banks, and it suddenly looked like companies had a new, cheaper alternative. Now another hot tech company, Slack ...
“If your company is interested in a direct-listing, recommend you call Morgan Stanley,” Gurley said Thursday in a tweet thread. “Other banks want to position direct listings as ‘exceptional’ or ‘rare.
The company itself doesn't raise any cash, at least not initially. Banks do much less marketing with the direct approach. In the Slack listing, seven of the 10 banks that aided in the listing did ...
A direct listing, also called a direct offering, is distinct from an IPO. In an IPO, a company works with a group of underwriters, often a handful of Wall Street investment banks, to underwrite a ...
(Bloomberg) -- Hot technology startups have traditionally raised the cash they needed to break into the big time through initial public offerings. IPOs became synonymous with instant wealth for com ...