Hello and welcome back toEquity, TechCrunchs venture capital-focused podcast, where we unpack the numbers behind the headlines.We have something special this week and its not just because Kates in Berlin for TechCrunch Disrupt Europe and Alexs in the throes of a cross-country move! No, weve had this episode in the works for a while, and were excited to finally present our deep dive on direct listings with Chris Mayo, the head of primary markets at the London Stock Exchange.If youre unfamiliar with direct listings, no need for concern.
Chris walks us through the basics and even the more complicated stuff.
Before you jump in, heres a quick refresher on the new and innovative method of going public: Direct listings allow companies to exit by listing to the market existing shares held by insiders, employees and investors directly, rather than the traditional method of issuing new shares.
If youre interested, weve written quite a bit on the subject like this, this, this and more.As for Mayo, before landing at the London Stock Exchange in 2014, he was a consultant at EcoLogic Systems and a director of equity capital markets, Central and Eastern Europe.Hope you enjoy our conversation.
Thanks for stopping by once again.Equity drops every Friday at 6:00 am PT, so subscribe to us onApple Podcasts,Overcast,Spotifyand all the casts.