Stacey Cunningham

Stacey Cunningham, the President of the New York Stock Exchange, dives into the shifting landscape of IPOs and the role of market makers in enhancing public trading. She highlights the transition from traditional listings to SPACs and direct listings, addressing disparities in market representation. The conversation also touches on the evolving dynamics of public markets amid changing investor access, demonstrating the need for education in today’s financial world. It's an insightful look at how the exchange adapts in a rapidly transforming economic landscape.

Barry McCarthy, CFO of Spotify and former Netflix financial whiz, teams up with Stacey Cunningham, president of the NYSE, to delve into direct listings. They explain why companies like Spotify opt for this route over traditional IPOs, emphasizing increased liquidity and transparency. They bust myths about pricing and human oversight in the market, or lack thereof, while discussing the 'pop' phenomenon and its implications. Their insights shed light on the evolving landscape of investing, making the case for radical transparency in public offerings.