IPO "roadshows" from home cause bankers to question the old ways
Financial Times 25 May 2020: A number of initial public offerings during coronavirus lockdowns have done strikingly well despite executives being unable to do what they normally do, and present to roomfuls of investors at big financial centres around the world. This has raised questions about whether the schmoozing and gruelling travel of the traditional IPO "roadshows" is really necessary, and whether the rigmarole will return after the pandemic.
Cloudberry has calculated that the company saved around 20 hours flying in the Nordics equaling a cut in CO2 emissions of almost 2 tons. A positive impact of virtual IPO!
Read the Financial Times article here https://www.ft.com/content/5ad...