Or, as Ritter suggests, Musk could use the threat of either a direct listing or limit order approach to both drive down the fees, and get a closer to market price from the underwriters’ clients. “Musk is known as a maverick, a guy who thinks out of the box,” says Ritter. “He fits the profile of the kind of CEO that in the past has gone for this kind of tradition-breaking solution.” To be sure, Musk’s a rebel. We’ll soon see if he’s got the spine to stand up to Wall Street.
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