If Spotify’s non-IPO goes forward this spring, it will be unusual in that it will be a “direct listing,” wherein the current shareholders will sell their shares directly to the retail-investing public on the NYSE, vs. to institutional investors. Spotify is the first company of its size to propose such a listing. If the listing yields a lucrative exit for existing shareholders, it will encourage other nascent high-growth firms to follow in Spotify’s footsteps.
Continue reading… “Spotify disrupted the music world, now it’s doing the same to Wall Street”