美国SEC修改上市规则意味着传统IPO的终结

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硅谷投资者Bill Gurley周二在接受CNBC采访时表示,美国证券交易委员会SEC周二通过的直接上市规则修改“毫无疑问”将导致传统IPO模式的消亡。

发生了什么事情:

Benchmark公司合伙人Bill Gurley接受CNBC《收盘钟声》栏目的采访,他对美国SEC的直接上市新规赞叹不已,表示这是传统IPO模式(他称为过时的模式)的更高级替代方式的序幕。

这位投资者表示,传统的IPO流程“导致大量财富一日之间从公司创始人、员工和投资者转移到买方”。

Gurley领投了Uber公司和Zillow集团公司,他对传统IPO模式表达了批评。

Gurley称:“你将来可以打开交易软件就参与到IPO之中。”“不要让中介商和守门者决定谁可以获得低价的股票。”

为何值得关注:

Gurley表示IPO的流程在过去5年间一直在退化而没有获得改善。

他着重指出CNBC曾报道过的DoorDash公司和Airbnb在IPO上市首日分别上涨了86%和112%,称这些涨幅匪夷所思。

美国SEC在周二批准了纽约证券交易所旗下的洲际交易所公司的要求,更改了有关直接上市的规则。

美国SEC在批准这一请求时,驳回了机构投资者委员会提出的反对意见,该委员会试图阻止纽约证交所的请求获得批准,以纽约证交所行为会危及投资者保护措施为由。

美国SEC在8月首次批准纽交所的请求,同意公司们可以通过发行直接上市的新股的方式来募集资金。

纽约证券交易所首席商务官John Tuttle表示,纽交所不是尝试“消灭IPO”,而是“尝试为寻求公开上市的公司和投资者创造更多的选项。”

纳斯达克交易所在8月也向美国SEC提出允许公司通过直接上市进行融资的规则变更请求。

价格走势:

洲际交易所的股价在周二收盘上涨0.55%,升至每股113.16美元。纳斯达克交易所的股票在同日上涨1.44%,升至每股129.90美元,在盘后交易中下跌0.13%。

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