3 ms·

Spotify ended up spending the same amount of money on expensive middle men: https://www.bloomberg.com/opinion/articles/2018-01-16/spotify-will-pay-banks-to-cut

• asdfasgasdgasdg 8y ago
  That's not what the article says. It says they paid some money in fees, and more than the average IPO. It does not say they paid more or the same as a percentage than the average IPO. I can't find any information on how much money they/their shareholders ultimately raised, so it's difficult to contextualize that $30M number. But, for example, if only ten percent of the shares were sold in the IPO, that would amount to $500M in sold shares. The typical IPO nets 5% in fees, which would be $35M. On the other hand, if 20% of the company changed hands in the IPO, that would amount to $70M in expected fees. To me, ten percent seems pretty conservative, so I'd say it's a safe bet Spotify saved money. I expect Slack would not do the direct listing if they didn't also expect to save money on the deal.