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IHRT News

Why Direct Listings Are Fake IPOs

DirectListing

The Hijacking of the IPO Market Part 5   Are IPOs Obsolete?   The US IPO is a time-tested process of financial review, disclosure, marketing to investors, evaluation by investors and price discovery. However, a number of private investors are now advocating bypassing the known and trusted IPO process to do something else...read more

US IPO Weekly Recap: Medallia tops a 9-IPO week with a 76% first day return

MDLA

Nine companies entered the public market this week, led by customer experience software provider Medallia (MDLA) with a first day pop of 76%. The software company priced at $21, well above the range, to raise $326 million at a fully diluted valuation of $3.6 billion. Medallia’s growth accelerated to 32% in the most recent quarter, and it boasts 32...read more

iHeartMedia completes Nasdaq direct listing

IHRT

iHeartMedia, a restructured radio station operator with the US's largest footprint, completed its direct listing on the Nasdaq on Thursday. iHeartMedia now trades under the symbol IHRT; it had previously been listed on the OTC Pink under the symbol IHTM. iHeartMedia originally filed for a US IPO in April, but withdrew the S-1 in June, opting to directly list on the Nasdaq,...read more

US IPO Week Ahead: Large foreign filers and a US unicorn lead 10-deal week

AFYA

July's post-holiday flood of IPOs is upon us, with nine diverse offerings and a direct listing scheduled for the second-most active week of the year. The three largest IPOs come from Asia, Europe, and South America, but based on the strong reception of recent tech unicorns, Medallia (MDLA) may get the most eyeballs. DouYu (DOYU) is set to...read more