Fortt Knox

133 - Goodbye IPO, Hello Direct Listing?


Listen Later

15 years ago this week, Google had its IPO. Initial Public Offering. That means shares of its stock were available to buy for the first time. I was working as a tech reporter in Silicon Valley at the time and remember it was a big deal for a couple of reasons. One, Google’s IPO was a glimmer of hope after the dotcom bust. Two, Google was trying to reinvent the IPO by making it more transparent. They used a process called a Dutch Auction.   Today the IPO hasn’t changed for the most part. But maybe it’s about to. Prominent venture capitalist Michael Mortiz of Sequoia Capital wrote an op-Ed this week arguing that Slack and Spotify are leading the way to a better day where Wall Street fat cats won’t control and mystify the process of going public. But what would that mean for mom-and-pop investors? What would it mean for startup employees looking to make good?  This week to talk the future of the IPO I’ve got Mr. IPO, Jay Ritter, University of Florida Cordell Professor of Finance. Also joining me later on here at the Nasdaq I’ve got Kevin Delaney, Quartz Editor in Chief; and from San Francisco, Connie Loizos, TechCrunch Silicon Valley Editor and my former colleague at a certain newspaper in Silicon Valley.  

...more
View all episodesView all episodes
Download on the App Store

Fortt KnoxBy CNBC

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

67 ratings


More shows like Fortt Knox

View all
Mad Money w/ Jim Cramer by CNBC

Mad Money w/ Jim Cramer

4,096 Listeners

CNBC's "Fast Money" by CNBC

CNBC's "Fast Money"

1,354 Listeners

CNBC's "Options Action" by CNBC

CNBC's "Options Action"

240 Listeners

Your Money Minute by CNBC

Your Money Minute

148 Listeners

Strange Success with Jane Wells by CNBC

Strange Success with Jane Wells

153 Listeners

American Greed Podcast by CNBC

American Greed Podcast

2,160 Listeners

Squawk on the Street by CNBC

Squawk on the Street

593 Listeners

Squawk Pod by CNBC

Squawk Pod

552 Listeners

The Keynote by CNBC Events by CNBC

The Keynote by CNBC Events

20 Listeners

Halftime Report by CNBC

Halftime Report

413 Listeners

CNBC's "Last Call" by CNBC

CNBC's "Last Call"

300 Listeners

Worldwide Exchange by CNBC

Worldwide Exchange

120 Listeners

TechCheck by CNBC

TechCheck

61 Listeners

Power Lunch by CNBC

Power Lunch

23 Listeners

Manifest Space with Morgan Brennan by CNBC

Manifest Space with Morgan Brennan

33 Listeners

CNBC’s “Money Movers” by CNBC

CNBC’s “Money Movers”

13 Listeners

CNBC Business News Update by CNBC

CNBC Business News Update

11 Listeners

CNBC Sport by CNBC

CNBC Sport

16 Listeners