Traditional IPO, SPAC, or Direct List?
The amount of companies coming public towards the second half of 2020 has been a bit insane to say the least. According to SEC regulatory filings, Q3 2020 has seen 81 IPOs (ex-SPACs) making it the busiest Q3 by deal count since 2000. The average IPO first-day pop has been 37%. The actions from government organizations to shut down economies have devastated industries such as hotels and leisure but have been a boon to sectors such as Healthcare and Tech. As society pushes for a vaccine, more people than ever are now working from home evidenced by screen time on our favorite devices up almost 60% since...
