NEW YORK (BLOOMBERG) - Forget merger Monday. The start to this week instead saw a flurry of companies file to go public as unicorns gallop to market, waking up what's usually a sleepy end to the US summer season.. Read more at straitstimes.com.
NEW YORK - Forget merger Monday. The start to this week instead saw a flurry of companies file to go public as unicorns gallop to market, waking up what's usually a sleepy end to the US summer season.
While investors and dealmakers have traditionally associated Monday with acquisition announcements, the volume of those deals has sunk this year with travel restricted because of the coronavirus pandemic and financiers wary of new situations. Asana filed for what could be 2020's first direct listing. The alternative route to a listing offers companies a way to go public without issuing new shares to raise capital, while usually providing investors a chance to sell their holdings without waiting for a lockup period to expire.
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