Startups hear about drawbacks of IPOs at San Francisco meeting

As traditional initial public offerings struggle, Cordell Eminent Scholar Chair Jay Ritter spoke at an event hosted by UF alumnus and venture capitalist Bill Gurley (BS ’89) about the benefits of direct listings. The event, titled “Direct Listings: A Simpler and Superior Alternative to the IPO,” highlighted Ritter’s research, which shows the average first-day gain for 88 IPOs priced at $5 or higher so far this year is 24 percent, the highest since 2000. 

Read more about the event and Ritter’s insights:

Startups hear about drawbacks of IPOs at San Francisco meeting – Reuters

Venture capitalists to warn startups of the downside of IPOs in San Francisco meeting – CNBC

Slack, Spotify and Michael Lewis will join nearly every big investor in Silicon Valley to talk about direct listings vs IPOs – CNBC

Tech investor Bill Gurley says top-tier banks underprice IPOs – CNBC

Silicon Valley investors call summit to disrupt IPO business – Bloomberg