Reuters | Figma IPO sketches case for direct listings

Precious few of Silicon Valley’s self-professed renegades are ready to rebel against Wall Street. The madcap market debut of design-software developer Figma (FIG.N), opens new tab makes a case they should.

An abundance of capital is already keeping companies private for longer, changing the rationale for going public. Doing so with the direct listing method, rather than a traditional initial public offering, would be more suitable.

Jay Ritter shares his insights in this story from Reuters.