Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Are Using Direct Listings to Skip the IPO
In this episode, Lucas and Luna explore why a growing number of tech founders are choosing direct listings over traditional IPOs as their primary exit strategy. They break down the mechanics, the cost savings, and the trade-offs using real examples like Spotify and Coinbase. Lucas shares data on how direct listings have saved companies an average of 4 to 7 percent in underwriting fees, and why the SEC's recent rule changes in early 2026 have made the path even more attractive for cash-rich, well-known startups. Luna asks whether the trend risks leaving smaller companies behind, and they…
The skinny
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