People familiar with the matter have said the proposal would likely make legacy preferred investors whole or close to it. (nreionline.com)
The direct listing also bypasses another Wall Street tradition: offering shares of an IPO to hedge funds and other preferred investors at a discount, said Jay Ritter, a business professor at the University of Florida, who tracks IPO data. (chicagotribune.com)
The direct listing also bypasses another Wall Street tradition: offering shares of an IPO to hedge funds and other preferred investors at a discount, said Jay Ritter, a business professor at the University of Florida, who tracks IPO data. (sun-sentinel.com)