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Can a company issue stocks directly to a financial intermediary with out a financial middleman such as an investment bank?

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Anonymous 0 Comments

Yes. It’s called a direct listing. With an IPO you are creating new shares, so when people buy those shares money is coming into the company through diluting existing shares. With a direct listing you are selling existing shares. In this case the people owning the company are making money, but the business is generally not.