When the members of Fortune’s annual Investor Roundtable met this month, late-stage tech startups were very much in the public eye. Sky-high valuations in the private market are encouraging more companies like Airbnb and DoorDash to pull the trigger and go public. And other startups are eyeing alternatives to traditional initial public offerings—including direct listings and mergers with special purpose acquisition companies (aka SPACs).
Those alternatives are often good for the founders—but are they good for investors? Our panelists had no shortage of opinions.
Joining us were Savita Subramanian, head of U.S. equity and quantitative strategy and head of global ESG research at Bank of America Merrill Lynch; Josh Brown, CEO of Ritholtz Wealth Management; David Eiswert, head of the top-performing T. Rowe Price Global Stock Fund; Sarah Ketterer, CEO and fundamental portfolio manager of Causeway Capital; and Mallun Yen, cofounder and general partner of early stage venture capital firm … Read More