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Wireless

Spotify to pursue direct listing, not IPO - report

Friday 7 April 2017 | 09:06 CET | News
Spotify is considering listing its shares directly on the stock market, without selling new shares to the public, people familiar with the matter told the Wall Street Journal. This would give its existing shareholders a way to trade their shares without seeing any dilution from a new share issue, as well as enable the company to save on underwriter fees. Spotify was last valued privately at USD 8.5 billion in June 2015, and the company is targeting a public valuation of more than USD 10 billion, the report said. The company may list its shares on a US exchange as early as September.

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Categories: Internet / Mobile & Wireless
Companies: Spotify
Countries: World
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