Silicon Valley's top VCs are convening a special 'summit' after recent IPO failures

Silicon Valley investors and executives are holding a big summit to explore alternatives to Wall Street's system for initial public offerings, Bloomberg reported Tuesday.
The summit will examine the system in place for IPOs which is based largely on rules set by the financial industry and run largely by underwriters. 
The gathering will look into alternative processes, including the use of direct listings based on cutting-edge software algorithms.
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