Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use Direct Listings Instead of IPOs
In this episode of The Startup Exit Podcast, Lucas and Luna explore direct listings as an alternative to traditional IPOs, using Spotify's 2018 direct listing as the central case study. They break down the mechanics—no underwriters, no lockup periods, no dilution from new shares—and compare it to a conventional IPO. Along the way, they reference today's market data, including Meta's 7% weekly gain and Coinbase's 4% drop, to discuss how listing method affects price discovery and investor perception. The hosts also touch on the New York Times lawsuit against OpenAI as a…
The skinny
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