IPOs
Dual-Class Shares Explained: Founders' Power, Investors' Risk
William ElliottSupervoting stock lets founders keep control after an IPO — and hands public buyers a share with fewer votes than the name suggests.
IPOs
Public listings from confidential filing to first earnings call.
IPOs
Spac vs Traditional Ipo — SPACs vs. IPOs: What Still Matters After the Hype Cycle
William ElliottA SPAC is a shell company that takes a private firm public with fewer safeguards — and the investor, not the underwriter, does the diligence.
IPOs
Squared — Mercantile Co. Shows How Founders Formalise a Group of Agencies — Four Moves Worth Copying
Owen BlackwoodG Squared's founders turned 14 years of loose acquisitions into a structured parent company. Here is what the record shows about how they did it.
IPOs
Klarna's IPO Filing Shows a Smaller Company Than the $45 Billion Peak: What the Document Says
William ElliottKlarna's November 2024 US IPO filing reports roughly $1 billion in revenue for 2023, against a last private valuation of $45.6 billion set in 2021 — the gap is the whole story.
IPOs
How IPO Pricing and Lock-Up Periods Actually Work
William ElliottBefore a stock trades publicly, its price is negotiated by underwriters and institutional buyers, and most insiders are barred from selling for roughly 180 days — here's how each piece of the mechanism actually works, according to the SEC's investor-education arm.
IPOs
IPO Underpricing: Why First-Day Pops Are Deliberate
William ElliottThe average IPO 'pops' 10-20 percent on day one, has for six decades, and not because bankers are careless — the discount is the price of a market that works on the first trade.