... direct listings include companies such as Spotify, Slack, and Coinbase, which opted for this route to avoid substantial costs and maintain flexibility when entering the stock market. Key Differences Between Direct Listings and IPOs Capital Raising In an IPO, companies issue new shares and sell them to investors, allowing them to raise capital for further development. This is the primary means of financing growth and expansion. A direct listing does not involve the issuance of new shares, so the company does not receive additional funds. Instead, existing shares become publicly tradable. Role of Underwriters ...

... consolidations. Global expansion of venture capital. The investment boom is reaching new markets around the world, forming their own technology ecosystems. Local focus: Russia and the CIS. Despite restrictions, new funds and initiatives are being launched to develop local startup ecosystems, attracting investor attention to the region. IPO Market Revitalized: "Window of Opportunity" for Listings Remains Open The global primary public offering market has revived after a long lull and continues to gain momentum. In Asia, Hong Kong has initiated a new wave of IPOs: several large ...

... accelerators to massive hedge funds focused on tech investments. In Southeast and South Asia, there is a surge in entrepreneurial activity: India, Indonesia, Vietnam, and other countries in the region are witnessing growth in late rounds and upcoming IPOs, reflecting the dynamics of their rapidly developing digital economies. Just in recent weeks, several Indian startups closed funding rounds in the tens and hundreds of millions of dollars, and a number of "unicorns" in the region have announced plans to go public. Africa is also seeing ...

... expanding user bases. India and Indonesia are also witnessing a surge in venture activity: in recent weeks, several Indian and Indonesian startups have closed funding rounds worth tens and hundreds of millions of dollars, while several successfully developing companies have announced plans for IPOs. Such geographical expansion of venture capital intensifies competition for the best projects: today, funds and business angels are tracking promising teams from Singapore and Dubai to Nairobi and São Paulo. Africa is also experiencing an unprecedented ...

... the Winklevoss twins and the custodial service BitGo. Rumors suggest that the crypto exchange Kraken is also considering going public in light of the record growth of the crypto market. Among the tech "unicorns," well-known design software developer Figma is preparing for an IPO – the company is aiming for a valuation of around $15–16 billion during its share offering, which may occur this fall if its acquisition by Adobe is finalized. Additionally, the public market is seeing interest from hardware and chip companies: ...