Direct Listings vs. Traditional IPOs: A Comparison

The Mechanics: How a Traditional IPO Works A Traditional Initial Public Offering (IPO) is a multi-stage, intermediated process orchestrated by investment banks. The company, known as the issuer, hires one or more underwriting banks to manage the transition from...

Why an OpenAI IPO Would Be a Market Earthquake

The mere whisper of an OpenAI IPO sends tremors through global markets, a seismic event anticipated not for its inevitability but for its unprecedented disruptive potential. This is not merely another tech company going public; it is the moment a foundational force in...

Red Flags to Watch for in an IPO Prospectus

Overly Aggressive or Unrealistic Financial Projections A company’s management is naturally optimistic, but an IPO prospectus filled with hyperbolic growth forecasts is a significant warning sign. Scrutinize the “Use of Proceeds” and...