Historically, direct listings were not able to raise new capital when they listed on a stock exchange. This resulted in very few companies pursuing this approach. After all, the reason that private companies go public is typically to raise additional capital to grow.
I was excited about this change by the SEC. It would allow private companies to go public without being beholden to the traditional initial public offering IPO underwriting process. In short, the CII believes that normal investors may be harmed by the new direct listings.
Direct listings that allow companies to raise capital will open the door to IPOs that are far more fairly priced. And companies can direct list for a fraction of the price of a traditional IPO. They love the traditional IPO process.
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And both the investment banks and institutional investors gain access to pre-IPO shares in the best companies. Both sides are perversely incentivized to underprice an IPO. This comes at the expense of the company going public, which could have raised more money at less dilution had it been priced accurately. Now we can easily understand why the CII wants to block these new direct listings link happening. Without being Neural Technology Brain Computer Interface to raise money on the direct listing, it only has three choices. We first talked about Neuralink way back in July of last year. It is developing a brain-computer interface BCI that implants tiny electrodes into the brain.
Elon Musk’s Neuralink presentation was grossly misunderstood…
This allows the brain to be connected to a computer. And that lends itself to countless applications. Neuralink envisions the first application of its BCI to be medical. The system could help stroke victims and paraplegics regain mobility.
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And it could help amputees regain body control Technoloogy advanced prosthetics they can control with their minds. Neuralink presented its BCI prototype last Friday. This device is packed with bleeding-edge semiconductors and sensors. And each device contains about here, electrodes that link up with the brain when implanted.
In its presentation, Neuralink showed that these electrodes sense brain activity.
It could even predict how the pig was going to move its body before just before the pig actually moved — all by monitoring the brain activity. Tracking Brain Readings. Source: Neuralink.]
Prompt, where to me to learn more about it?