Fenwick corporate partner Ran Ben-Tzur was quoted in a CNBC article about the NYSE’s proposed rule change that would allow companies to simultaneously go public through a direct listing and raise cash from public market investors. Currently, companies are unable to raise capital when conducting a direct listing, which has gained attention as an alternative to the traditional IPO.

“These proposed NYSE rules will allow companies to take advantage of the benefits of a direct listing while, at the same time, taking away the biggest disadvantage of a direct listing — the inability to raise capital,” Ben-Tzur told CNBC. “If approved, these rules will likely fundamentally change how technology companies go public.”

Read more on CNBC.​​​​

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