“Innovation was our focus in 2020, as the pandemic drove the NYSE to find new ways to serve issuers and investors. The emergence of SPACs and an increased interest in Direct Listings reflected the unique needs of companies this year, and our ability to execute IPOs and other transactions in a largely remote environment was critical,” said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE Group. “The NYSE’s ability to serve issuers in 2020 speaks to the resilience of our people, our technology and our community as well as the great courage of all those fighting on the front lines of this pandemic.”
No matter what path you choose for your listing, everyone benefits when companies go public. Direct Listing, SPAC business combination or IPO, the NYSE is ready to join you on this journey.
Direct Listings provide access and opportunity for all investors, democratizing public company offerings even further than before.
SPACs raise proceeds through an IPO and use those funds to acquire an operating business. Once the company finds an attractive acquisition target, they use the proceeds to complete the acquisition, which results in the SPAC transforming itself into a listed operating company.