Direct Listing

Definitions

1. A public-market entry where existing shares begin trading without the traditional underwritten IPO structure that issues new shares at listing. It can offer liquidity and price discovery with a different set of tradeoffs from a standard IPO.

   In plain English: Going public by listing existing shares directly rather than doing a traditional IPO sale.

   Example: "The company explored a direct listing because it did not need to raise primary capital at that moment."

Related Terms

• Exit
• Exit Event
• Initial Public Offering
• Investor Relations
• IPO Lockup
• Market Cap
• Market Maker
• Quick Ratio