MCLE credits will be provided.
In the wake of the Spotify and Slack direct listings, many other late-stage private technology companies are reported to be seriously considering a direct listing as an alternative to a traditional IPO. A direct listing allows private companies to “go public,” but without selling its shares to the public and without the traditional underwriting assistance of investment bankers. Companies in a variety of industries have used similar structures for years, but, direct listings have only recently received a lot of investor and media attention because high-profile technology companies have started to use the structure to go public. In this program, we will explore the pros and cons of direct listings and key considerations when choosing this structure:
In this program we will explore:
- What exactly is a direct listing and what are the key distinctions from a traditional IPO?
- Why have companies only started considering direct listings recently?
- What are the benefits and downsides of pursuing a direct listing versus a traditional IPO?
- How do you prepare for a direct listing and what are the best practices?
Hear from a panel including Ran Ben-Tzur, Partner at Fenwick & West, Kate DeLeo, Vice President at Goldman Sachs and Doug Kramer, GC at Cloudflare.
About Sunrise Counsel
Sunrise Counsel is a breakfast CLE series presented by Fenwick & West and Ironclad.