Spotify to list shares in direct offering
The company expects shareholders to sell up to 55.7 million ordinary shares
Headphones are seen in front of a logo of online music streaming service Spotify in this illustration picture taken in Strasbourg, February 18, 2014. PHOTO: REUTERS
Streaming music leader Spotify Technology SA on Tuesday filed for a direct listing of its shares.
Free news gets scarcer as paywalls tighten
In an amended filing with the US Securities and Exchange Commission, the company expects shareholders to sell up to 55.7 million ordinary shares.
Apple Music hits 38 million paid subscribers
Spotify’s direct listing will let investors and employees sell shares without the company raising new capital or hiring a Wall Street bank or broker to underwrite the offering.
Free news gets scarcer as paywalls tighten
In an amended filing with the US Securities and Exchange Commission, the company expects shareholders to sell up to 55.7 million ordinary shares.
Apple Music hits 38 million paid subscribers
Spotify’s direct listing will let investors and employees sell shares without the company raising new capital or hiring a Wall Street bank or broker to underwrite the offering.