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Spotify Said to Consider a Direct Listing, Not an IPO, When It Goes Public

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Photo via John Tekeridis on Pexels under the Creative Commons License

Billboard says: “With a licensing deal with Universal Music under its belt — and negotiations said to be ongoing¬†with the two remaining majors — Spotify is reportedly ready to take the plunge and go public, with a twist. ¬†According to the Wall Street Journal, the music streaming leader is ‘seriously considering’ a direct listing of its shares on a public exchange, rather than a traditional IPO. Such a listing would spare Spotify from having to raise any new money before going public.”

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