The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Palantir, Asana and the quest for better listings

RTX7Z0GS-960.jpg
Reuters

For an IPO alternative designed not to give a first-day pop, liquidity is the real measure of success.

By Mark Baker
October 15, 2020
Share

It wasn’t supposed to happen like this. But on September 30, 468 days after the last direct listing, the New York Stock Exchange saw two hit the tape on the same day. That was a surprise. “Like showing up at hospital and finding out you’re having twins,” said one banker.

Read more: Direct listings

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

Subscribe today

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

Start free trial

LOGIN NOW

Already a user?

Login now

Tags

Capital Markets United StatesCapital MarketsFeaturesNovember 2020Direct listings
Share
Mark Baker
Mark Baker is Deputy Editor. Prior to joining Euromoney magazine he was based in Hong Kong as managing editor, Asia, for the Capital Markets Group. He previously edited EuroWeek magazine and was also deputy editor at International Financing Review.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree