The Evolution of the IPO Market

The Traditional Era: A Clubby Affair of Underwriting and Fixed Pricing For most of the 20th century, the Initial Public Offering (IPO) market operated as a tightly controlled, relationship-driven ecosystem. The process was dominated by a handful of elite investment...

The Difference Between an IPO and a SPAC

The Mechanics of an Initial Public Offering (IPO) An Initial Public Offering (IPO) is the traditional and long-established pathway for a private company to enter the public markets. It is a rigorous, multi-step process governed by strict regulatory oversight,...