Going Public Without an IPO
Author: John C. Partigan.
Source: Volume 51, Number 16, September 15 2018 , pp.191-195(5)
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Abstract:
Earlier this year, the music streaming service Spotify went public without conducting an underwritten IPO, making it the largest company to do so through a direct listing. The author discusses Spotify’s direct listing, the advantages and disadvantages of going public without an IPO, companies that make good candidates for direct listing, and the future of this approach to going public.Keywords: Direct Listing v. IPO; Spotify
Affiliations:
1: Nixon Peabody LLP.