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Their wordsThe traditional way of going public is systematically broken and is robbing Silicon Valley founders, employees, and investors of billions of dollars each year.
Their wordsOutside of needing money, there is no reason to chose an IPO over a Direct Listing.
Our reading
Once a company is public, its stock trades on expected future value, not on how it went public.
Their wordsStock markets do not have have historical artifacts hidden in them. Once you are public, you are public, and you trade based on the discounted future expectations of your company, not based on how you went public.
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