Wise completes largest direct listing in UK history at 8bn
Wise completes largest direct listing in UK history at £8bn
Wise, one of the UK’s leading fintechs goes public on the London Stock Exchange today, with first trades expected to commence shortly after 11:22am BST under the ticker ‘WISE’.
Direct Listings: Experiment or New Paradigm?
Due to market structure and regulatory changes, traditional capital-raising path for entrepreneurial companies has evolved. For companies in certain sectors, the firm commitment IPO may no longer be the goal. Successful direct listings have led many to consider this approach as an alternative. But is it an alternative appropriate for a broad array of companies, or best-suited to tech unicorns? During this session, Co-founder and CEO of Amplitude Analytics, Spenser Skates, will share his company’s direct listing experience, and we will also discuss:
The basics of a direct listing,
Legal requirements, timing, and costs compared to an IPO,
The marketing process, market-making, and liquidity,
The stock exchange rules, and
Capital-raising in connection with a direct listing.
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Fintech firm Wise to list directly on London’s stock market | Growth.Lat
Fintech firm Wise to list directly on London’s stock market.
Wise (formerly TransferWise) is a London-based financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011.
Wise announced on Thursday (June 17th) that it will go public in London in what will be the first direct listing of a technology company on the London Stock Exchange.
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#Wise #LondonStockMarket #IPO #Money #Stocks #London #UK #Finance #growthdotlat #growth #news #Fintech
How Does A Direct Listing Work?
The direct listing process, also known as a direct public offering (DPO), is a way for companies to be listed on a public market by directly selling shares outside of a traditional offering to investors. The shares are priced by the issuing company without the help of investment bankers (which saves tens of millions in fees) and sold with the assistance of a commission broker. The recent move by Swedish-based music streaming company Spotify to complete a multi-billion dollar direct listing introduces a new threat to the underwriting industry.
In this video, I talk about the existing rules surrounding DPOs and compared the benefits and risks of such an issue with the traditional IPO method. The following questions will be answered;
– What are the benefits of a direct listing?
– Is Spotify’s direct listing a good idea?
– How does a bought deal work?
– Why do companies sell shares through an IPO?
– Is the IPO business corrupted?
To learn more about the Spotify direct listing, consider reading the articles below.
https://www.ft.com/content/60ac293c-e0f0-11e7-a0d4-0944c5f49e46 (How Spotify’s offering could “bite” banker bonuses)
http://fortune.com/2017/07/31/spotify-ipo-direct-listing-2/ (How a direct listing works and what Spotify has announced publicly about it)
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Wise completes largest direct listing in UK history at £8bn Wise, one of the UK’s leading fintechs goes public on the London Stock Exchange today, with first trades expected to commence shortly after 11:22am BST under the ticker ‘WISE’. Direct Listings: Experiment or New Paradigm? https://www.mayerbrown.com/en/capabilities/practices/capital-markets?tab=overviewDue to market structure and regulatory changes, traditional capital-raising path…