Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use Secondary Direct Listings for Liquidity
In this episode of The Startup Exit Podcast, Lucas and Luna explore a creative liquidity strategy that’s gaining traction among late-stage founders: the secondary direct listing. Unlike a traditional IPO or direct listing where new shares are sold to raise capital, a secondary direct listing allows existing shareholders—founders, early employees, and large investors—to sell their stakes directly to public market buyers without the lockup periods and dilution associated with conventional routes. The hosts anchor the discussion with the recent case of Rippling, the HR unicorn, which executed a…
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