Cybersecurity
NYSE Phone Rings as Interest in Direct Listings Spreads Abroad
- Lots of calls since Slack, Spotify listings: NYSE’s Ibrahim
- ‘Strong pipeline’ of foreign listings, dominated by China
A trader talks on the phone while working on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Foreign companies are showing greater interest in direct listings in New York as an alternative to initial public offerings, according to the stock exchange.
Following the high-profile examples of startups Slack Technologies Inc. and Spotify Technology SA in the past two years, more private companies including Airbnb Inc. have considered the process. And interest is spreading abroad, according to the New York Stock Exchange’s head of international capital markets, Alexandre Ibrahim.