On Going Public: SPACs, Direct Listings, Public Offerings, and Access to Private Markets
Ben's Blog
MAY 24, 2021
Second, by better matching supply and demand, direct listings have generally mitigated the magnitude of IPO Pops, thus engendering better overall price discovery. 1990-1998 13.3% 22% 1990-1998 13.3% 1990-1998 10% 6.3% Time Period IPO Pop* 1980-1989 6.1% 1999-2000 51.6% Time Period IPO Pop % Above IFR 1999-2000 51.6%
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