Lyft CEO Logan Green (center) and President John Zimmer (left of center) celebrate the company’s IPO in 2019.
Mario Tama/Getty Images
The market for initial public offerings was red-hot in 2020 and it shows no signs of slowing down in the first few weeks of 2021.
Already buy-now-pay-later company Affirm tapped the public markets, and gaming software company Roblox is aiming for a direct listing sometime next month. Other high-profile firms are hiring bankers and scrambling to take advantage of equity markets that continue to hit records.
As companies look to go public, they have more choices than ever before. In addition to traditional IPOs, companies can go public by directly listing their shares on an exchange or selling to a blank check company. In December, the SEC approved the use of a direct listing to raise money in the primary markets, a decision some believe could pave the way for a wholesale replacement of the traditional IPO.
Business Insider will explore how those changes have rewritten the rules of the game and set the stage for another torrid year in IPOs with an upcoming live panel that will feature three of world’s foremost authorities on going public.
Join us Wednesday, February 3 at 2:30 p.m. ET, as Insider’s chief finance correspondent Dakin Campbell moderates a panel featuring Kim Posnett, Goldman Sachs partner and Internet investment banking chief, Greg Rodgers, a Latham & Watkins LLP attorney and direct-listings expert, and Mitchell Green, a venture capitalist at Lead Edge Capital who backed Uber, Spotify, Asana, and Alibaba.
These IPO experts will discuss what you can expect for the year ahead and how the recent changes have dramatically altered the calculus for startup entrepreneurs. They will also take reader questions.