Direct Listings Have Paid Off for Investors So Far

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Direct Listings Have Paid Off for Investors So Far
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Warby Parker and other tech companies show direct listings are here to stay as such stocks have been a solid bet

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The still relatively small group of companies that have made their debuts on U.S. exchanges through direct listings have, on average, outperformed the S&P 500 and a key broader index for initial public offerings during the same period, according to an analysis by University of Florida finance professor Jay Ritter.

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