Supreme Court ruling makes it harder to sue over direct listing stock offerings
Investopedia: Anat Alon-Beck, assistant professor of law, discussed a Supreme Court ruling that makes it harder for investors to sue over direct listing stock offerings, potentially making them a more appealing option for companies going public. “This decision is great for tech companies contemplating direct listings, but not for investors. I would expect a rise in the use of the direct listing vehicle, due to this ruling,” she said. “Now tech companies can enjoy regulatory approval to raise capital through a direct listing without being limited by traditional tight pricing restrictions.”