The Minutes of Bill Gurley on direct listings https://minutesof.com/bill-gurley/on/direct-listings/ Everything Bill Gurley has said on direct listings: 3 verbatim quotes between August 2021 and February 2026, each with a timestamp and a link to the… en Sun, 30 Aug 2026 16:22:06 +0000 Gurley says Nasdaq and NYSE pushed for direct listings but banks were dragged into it reluctantly. https://minutesof.com/q/17cf0633-abdf-43ea-97de-94b6e5dbf841/ https://minutesof.com/q/17cf0633-abdf-43ea-97de-94b6e5dbf841/ “They were dragged into direct listings. I would I would say because I spent a ton of time with them, both the Nasdaq and the NYSE were pushing to get these things across the line,” — Brew Markets Fri, 27 Feb 2026 20:28:10 +0000 direct listings Gurley reports seven of eight direct listings trade above first match, outperforming traditional IPO cohorts. https://minutesof.com/q/3ffd4ca4-02e8-4842-a747-265e84b0b63f/ https://minutesof.com/q/3ffd4ca4-02e8-4842-a747-265e84b0b63f/ “Yeah, there've been eight high profile ones. Seven of them interestingly are trading above that first match that they did, which is really astounding.” — Axios Wed, 18 Aug 2021 17:10:45 +0000 direct listings Gurley argues SPACs are only viable because broken IPO process makes direct listings look expensive by compari https://minutesof.com/q/e6b340fd-8b45-462b-afe0-e0f68cdfef6d/ https://minutesof.com/q/e6b340fd-8b45-462b-afe0-e0f68cdfef6d/ “But, you know, it appears to me that the thing is gonna, is either gonna slow down or they're gonna step in and do those types of changes you're talking about.” — Axios Wed, 18 Aug 2021 17:10:45 +0000 direct listings