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Analysis & opinionAugust 25 2021

Direct listings: banks still have key role to play

The success of fintech Wise’s direct listing in the UK in July makes it certain that other companies will follow suit; however, while it has many benefits, a direct listing is no wholesale replacement for the traditional IPO.
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Direct listings: banks still have key role to play

As the UK grapples with its post-Brexit status, following a long period that has seen it lag in efforts to capture a decent share of the global initial public offering (IPO) market, many are wondering if the so-called ‘direct listing’ could provide an attractive alternative to the traditional IPO and attract more listings to London.

The short answer is ‘Yes’. The caveat is that it will not be for everyone. 

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