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New direct listing thats right, jon so just to start, lets take a step back and explain what a direct listing has meant historically and then well go into what yesterdays announcement about some changes to the direct listing process could mean so Companies Like pallen tier, spotify, all have taken this route, which is different from a traditional ipo because they dont use underwriters and havent historically been able to sell their own stock in the transaction. Only prior shareholders could sell and the opening price was made in the market rather than through a traditional road show. Yesterdays s. E. C. Approval of the proposal would allow companies to actually raise capital concurrent with their direct listing, solving perhaps the biggest deterrent for Many Companies in choosing this method because they want cash from the ipo the news was a huge win for Venture Capitalists who have been championing this method, notably bill gurley. I think it would be hard tore anyone to argue whether
New-yorkUnited-statesCaliforniaNew-hampshireAmericanSteve-yangStep-backMean-companiesCompanies-likeMany-companiesCompanies-choosingSingle-company we are live in texas. good morning and welcome to early start. i m renee marsh. i m dave briggs. thursday, august 31st. 4:00 a.m. in the east. 3:00 a.m. in houston, texas. the skies above southeast texas clearing. but as harvey heads north, it leaves many worries in its wake. the human toll just keeps getting worse. the number killed in the storm jumped overnight to 37 and is still expected to rise. the number includes the six bodies of the saldovar family found wednesday there in in their white van, washed away in the flood. a controlled release is happening now at the attucks dam. a mandatory evacuation order was issued in areas around the barker dam. we ll have more details throughout the morning. heavy rain taking a hard, parting shot at point arthur and beaumont, texas, on the louisiana border. beaumont has lost its water supply after pumps failed in floodwaters. even shelters where people had taken refuge started flooding. workers at the texas health care em
LouisianaUnited-statesPyongyangP-yongyang-siNorth-koreaJapanParisFrance-generalFranceMissouriTexasChina this. you still have a couple of days before you leave on your friday journey. but you don t want to be there on saturday and the police tell you you ve got to get out. there s your storm right there, st. croix, the center of circulation. as soon as the center of circulation gets completely closed that s when we know this storm is going to start to breathe by itself and get stronger quickly. i just a 62 mile per hour gusts, 6 to 10 inches of rainfall across parts of puerto rico especially the eastern half, and then it moves towards the u.s. there are models that will miss the u.s., but there are also models as you mentioned, guys, that take it well above a category 2 on its way towards the u.s. east coast. we ll keep you advised. this is still five days away. a long time for those things to change their mind. five days away for florida, georgia, maybe south carolina but just hours away from puerto rico. chad myers, thank you very much. still dangerous and shifting puerto ri
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