sonali basak -- sonali bostic joins us now. >> another model that has gained popularity.at happened a couple of years ago, there were a lot of companies that had shaky openings. this is a great opening, given it is higher, more than double where it was trading in private markets. we know their sales have been up but their profitability has been, well, unprofitable. it is a good open for war be -- warby and the designated market maker. one other fun fact about this listing, you have goldman-s tax and morgan -- goldman sachs -- since this model started to take off with spotify and slack, those four players are the players we have seen dominate the market. many other things get shut out of this process. the more you see direct listing model happen, the more you see it eat away at the traditional ipo. people have more options now to go public. alix: how to direct listings perform versus spac's? >> it has been mitt -- it has been hit and miss. there hasn't been a good sample size to say it is a better model, but this one is going smoothly. also a 120-1 15 open is not too bad.