![MB_banner_capital_markets-780](https://assets.euromoneydigital.com/dims4/default/b2fb259/2147483647/strip/true/crop/1920x943+0+0/resize/800x393!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fba%2F0b%2F5c1af0ff412e8e3fbfb02d977c28%2Fmark-baker-capital-markets-1920px.jpg)
The news that the New York Stock Exchange (NYSE) is mulling ways in which capital raising might be added into the direct listing toolkit has sparked a lively discussion among market participants as to the merits – and practicalities – of such a move.
It is a topic that had already been raised by direct listing pioneer lawyer Greg Rodgers of Latham & Watkins in a Goldman Sachs-hosted panel session on the subject back in October, but the concept has taken a step forward with the publication of NYSE proposals on the topic on November 26.
It is early days for the direct-listing method of going public – so far there have only been two such deals, for Spotify in 2018 and Slack in 2019.