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>Spotify will, as expected, pursue a direct listing of its shares, an unusual process in which no new stock is issued — and therefore no money is raised. What'
by joncrane 9y ago
>Spotify will, as expected, pursue a direct listing of its shares, an unusual process in which no new stock is issued — and therefore no money is raised.
What's the point of having an IPO if it doesn't raise money?
- jashmenn 9y agoLiquidity for the people who already own shares
- dmbass 9y agoAllows the stock owners liquidate in public market
- dudurocha 9y agoLiquidity to investors and employees.
- nyreed 9y agoThey have some very onerous terms on a loan where the longer they put off the IPO, the more their interest rate increases on that debt.