“It’s All About the Returns”: Will Silicon Valley Eat Wall Street’s Lunch? - Vanity Fair

This reads as quite biased in favour of direct listings but it’s quite insightful.

There is no highly engineered first-day-of-trading pop—an increase in the stock price that is often a bonanza for the institutional clients of the Wall Street underwriter and usually comes at the expense of retail investors.

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About time.

An interesting video on the history of Spotify including why they went for a direct listing - https://youtu.be/jTM7ZCKEUGM

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