Silicon Valley's assault on a prized Wall Street franchise — the path to the public stock markets — has been put on hold amid the coronavirus lockdowns. A pack of privately-held tech startups were expected to cause a stir in 2020 by earning their tickers through direct listings, a novel process that bypasses the traditional, banker-run initial public offering. Rick Kline, a partner at Goodwin who co-chairs the firm's Capital Markets practice and helps tech companies prepare for IPOs, discusses why companies are turning toward direct listings. Read the article in Business Insider here.
In The Press April 28, 2020