The reason this is a competitive advantage for tech companies is because their IT is organized around a set of modular “platforms,” run by accountable platform (or product) teams. IT is not a cumbersome estate “that gets in the way,” but an enabler and driver of continuous innovation and adaptation. What distinguishes these tech companies is that their technology allows them to move faster, more flexibly, and at greater scale than their competitors. A handful of industry leaders, such as Ping An and BMW, are fast joining their ranks by reinventing their core business around data and digital. The company’s existing shares are listed on an exchange, and people who own them, such as the company’s existing investors, can choose to sell their shares directly on the public markets.The tech giants of today have been some of the most innovative companies in the past generation. This announcement is being issued in accordance with Rule 135 under the Securities Act.” What is a direct listing?Ī direct listing, also known as a direct public offering is a process by which a company sells its own shares directly to the public. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). “This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed public listing of its Class A common stock.
0 kommentar(er)
