Bill Gurley on fixing the IPO

  • The process that I have been championing is the one Slack and Spotify used. It is called a direct listing. [2:46]

  • If you understood how a traditional IPO is allocated — it is completely tautological that they would end up underpriced. It is as unscientific a process as you could possibly have. [2:49]

  • There are numerous players in the traditional system th…

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