Where Silicon Valley and Wall Street failed trying to reinvent the IPO
Mike Windle/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Airbnb and DoorDash last week used a relatively new process for going public that borrowed elements from a traditional IPO and an auction. The process was pioneered by Unity Software in September. Despite their use of the so-called hybrid auction process, both companies saw their stocks surge in the first ...
Source: businessinsider.com