When you go public via direct listing, there is no safety net guaranteeing the shares will sell. Direct listings charge a flat advised ryfe which is typically half of what the smallest underwriting fee for an idea would be. In deals greater than a billion dollars, the average underwriter fee was three point five % and the average investment banks on a deal were 16%. According to master work's research, endowments over one billion are investing 55% more in alternatives like real estate and gold. If you're looking for a very interesting asset class that's uncorrelated with the stock market, it's blue chip art. Master works dot i o sells shares in multi million dollar paintings by