A Direct Listing on the New York Stock Exchange provides all the advantages of being a public company without the need for an initial capital raise.
Benefits to companies include:
A Direct Listing is the listing of a private company without an underwritten public offering or issuance of new shares. Unlike a traditional IPO, a Direct Listing:
The new proposal is aimed at (a) enabling more companies to use a Direct Listing and (b) allowing for an optional capital raise. Under the new proposal:
A company can qualify for a direct listing with at least 400 round lot holders and:
A company with less than 400 round lot holders can be given a grace period to meet the minimum round lot requirement if it:
Inside the ICE House