Will they have a case study on the $WORK direct listing?pic.twitter.com/LhCerlxzRU
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Will they have a case study on the $WORK direct listing?pic.twitter.com/LhCerlxzRU
As we've seen with WeWork, big institutions that buy IPOs often put tech companies through strict profitability tests many can't or shouldn't pass. VCs pushing direct listings are trying to offload their investments without the scrutiny of the roadshow.
So why don't @bgurley / @benchmark and Masa / @SoftBank Vision Fund lead a pre-IPO round into WeWork at, say $47bn, then direct list the business... to avoid that 30% underpricing etc?
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