In The Press April 28, 2020

Silicon Valley's Grand Plan to Kill IPOs With Direct Listings Has Been Sidelined By the Coronavirus (Business Insider)

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