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direct listing

also referred to as: direct listings

5 statements across 3 episodes · 2 bullish · 3 bearish · 2 people on the record · first statement Mar 13, 2021 by Chamath Palihapitiya · across every show →

Everything said about direct listing, oldest first

Mar 13, 2021 negative
Opinion
Chamath: Direct listings produce the same underpricing result as traditional IPOs
“Irrespective of what the goals of the direct listing were, the result is the same as a traditional IPO.”
Chamath Palihapitiya Mar 13, 2021 ▶ 1:01:46 E25: Biden's vaccine mandate, "equity" in distribution, NFT speculation, impact of inflation & more
Apr 17, 2021 bearish
Insight
Chamath: LPs receiving stock from direct listings should sell immediately
“In general, I think if a direct listing happens, when you get distributed the stock, you should probably sell it right away.”
Chamath Palihapitiya Apr 17, 2021 ▶ 4:41 E29: Coinbase goes public, direct listings vs. IPOs, unions & more with Bestie Guestie Brad Gerstner
Sep 22, 2023 bearish
Prediction Not checkable as stated
Palihapitiya: Future direct listings will top tick on day one and drop
“I think that the Slack and Coinbase particularly will be the example going forward. You'll top tick day one, and then the thing will spear down, find a bottom”
Chamath Palihapitiya Sep 22, 2023 ▶ 40:17 E146: Did the Fed break the VC model? Plus IPOs, M&A, revaluing unicorns & more
Sep 22, 2023 positive
Opinion
Friedberg: Companies should go public via direct listings then follow-on offerings
“I believe the direct listing should be the way that you do this. And then you do a follow on offering once your share.”
David Friedberg Sep 22, 2023 ▶ 37:21 E146: Did the Fed break the VC model? Plus IPOs, M&A, revaluing unicorns & more
Sep 22, 2023 positive
Assertion Partly supported
Friedberg: Spotify traded at or above its direct listing price
“Spotify went public via direct listing. The stock actually traded up after the direct listing. It went down a little bit after, but it continued to trade up, you know, into the 20, 21 era. And today it's trading at or above what it was trading at during the di…”
David Friedberg Sep 22, 2023 ▶ 39:10 E146: Did the Fed break the VC model? Plus IPOs, M&A, revaluing unicorns & more
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