Quantcast
Spotify plans to list shares in what's known as a direct listing on the NYSE the week of 4/2, informed sources tell Bloomberg.
THREE WEEKS UNTIL SPOTIFY IPO (REPORT)

Spotify plans to list shares on the NYSE the week of 4/2, informed sources tell Bloomberg

The story explains the distinctions between a standard initial public offering and the unorthodox approach Spotify will take in layman’s terms. Rather than issuing new shares or raising money in its IPO, the streamery’s existing stakeholders will offer their shares to investors. This variant is known as a direct listing.

The Daniel Ek-led company will spend the next few weeks meeting with investors to manage the uncertainty inherent in this approach, Bloomberg reports. Banks typically help companies establish a price range where a stock will debut to ensure that its value doesn’t plummet on day one.

Through its ongoing efforts, Spotify has established a valuation north of $20 billion.

ANTE UP: I.B. BAD
ON VALUATION
Money changes everything. (7/18a)
AT THE HALF:
U.K. MARKETSHARE
Universal builds a lead. (7/18a)
THIS BRAND IS MY BRAND
Nashville's new endorsements (7/18a)
EU FINES GOOGLE $5B
Alphabet's in the soup. (7/18a)
YOUR TOP 20: NOBODY BEATS THE DRAKE
"Scorpion" still stinging. (7/18a)
WHO ARE THE RAINMAKERS?
We promise this special issue won't be dry.
THE A&R EXECS
That stands for Artists and Repertoire, in case you were wondering.
PIZZA AND MARKETSHARE
I'm winning this one.
THE BOILER ROOM
It's the new tape room.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)