What is Direct Public Offering (DPO)?
Definition: Direct Public Offering (DPO) is a method of listing a company's stock publicly without investment bank underwriting. The company trades existing shares in the market through direct listing without raising new capital before listing.
Features:
No underwriters: The company forgoes the safety net provided by underwriters, making the listing process faster and less costly.
Market-driven: The opening price is determined by market demand, there is no lock-up period after listing, and early investors can sell their shares at any time.
DPO vs IPO:
DPO: No underwriters, simplified listing process, lower costs, market-driven pricing.
IPO: Has underwriters, complex process and high costs, stock price and issuance process managed by underwriters.
Contact Us
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.