A faster, easier, cheaper way of going public

Published: Aug. 27, 2020, 7:43 p.m.

b"This is the fourth episode of the week, pushing our production calendar to the test. Happily we've managed to hold it together amidst the news deluge that the last few days have brought. It was a good week for our scheduling change, with the main episode of the show coming to you on Thursday afternoon versus Friday morning.\\n\\nChange is good.\\n\\nBut unchanging this time around was our hosting lineup, with Natasha Mascarenhas and Danny Crichton and myself yammering with Chris Gates on the mix. Here's what we got into:\\n\\nThe CEO of TikTok is out, bids are swirling, and whom will wind up owning a piece of all of TikTok's global operations is not clear. Walmart is in the mix, apparently, which feels very 2020.\\nThe New York Stock Exchange has gotten approval from the SEC for a new type of direct listing, one in which the company going public can sell a bloc of shares during the normal price discovery process. This means that all the banker-faff of setting a price and roadshowing to various investor groups could be going the way of the buffalo.\\nAbout time, maybe? That was our take after reading this Bill Gurley note and the latest SEC news.\\nBut while the direct listing world is getting more interesting, the SPAC world is taking flight. Desktop Metal is going public via a SPAC which is all sorts of fascinating. A younger, Boston-based unicorn going public in this manner is eye catching!\\nAnd then two funding rounds, the first from Finix, which can't stop adding to its Series B. And Mural, which raised the largest Series B we can recall."