Listen up: Podcast discussion "Direct (Public) Listing / Pre-IPO Private Placements"

23 Jul 2020

Listen up: Podcast discussion "Direct (Public) Listing / Pre-IPO Private Placements" Not just something for (Tech-)IPOs in the US

Titel: Podcast

There are several alternatives to the classic IPO - in this podcast episode we explain one of them in more detail. Direct Listing is a relatively new but interesting form to finance company growth via the capital market and has recently become very popular, especially with fast-growing companies in the technology sector.

In Direct Listing only existing, outstanding shares will be listed (employee and investor shares) without raising new capital.

Thomas Thurner, Managing Director & Head of Equity Capital Markets at Morgan Stanley, and Jasper Lembke, Lawyer/Listing & Issuer at Deutsche Börse AG, are in discussion with moderator Joël Kaczmarek.

The following questions will be answered in this podcast episode:

  • Who should be interested in Direct Listing?
  • What is the difference between an initial IPO and Direct Listing? What advantages does it offer for my company?
  • What requirements do companies have to meet?
  • What is the relevance of direct (public) listings in Germany?
  • What effort (time, costs, preparation, etc.) do I have to expect as a company?

Thomas Thurner is Managing Director at Morgan Stanley. As Head of Equity Capital Markets, the native Austrian is responsible for the capital markets businesses in Germany, Austria and Switzerland.  

Thomas Thurner joined Morgan Stanley in 2010. Prior to joining Morgan Stanley, he had already worked for a global investment bank for seven years. In the course of his career, Thomas Thurner was responsible for the execution of more than 150 capital market transactions in various markets and sectors, thus he has many years of experience in the field of capital market financing.  

 

After studying law at the Julius-Maximilians-Universität of Würzburg and complementary studies in European law, Jasper Lembke started as a legal trainee at the District Court of Frankfurt am Main. Thereafter he worked several years as a lawyer in the capital market practice of leading international law firms in Frankfurt am Main. Since 2017, Jasper Lembke has been working in the Listing Services Unit of Deutsche Börse AG.

 

Joël Kaczmarek is founder of digital kompakt and moderates the discussion. This podcast is produced in cooperation with digital kompakt, an online trade magazine on digital business models, companies and developments.