Spotify is even closer to Wall Street. According to the american press, the platform, Swedish streaming (playback without downloading) music has launched, at the end of December, a procedure for the confidential ipo with the us authorities. The transaction is expected during the first quarter.
For its debut stock market, Spotify has opted for a method that is very unusual. The company plans to proceed with a direct quote. It will not issue new shares at a price determined in advance, but will only allow its shareholders to resell their securities. This means that it won’t raise capital, because it believes not to be in need of additional funds. This option will allow him to save several million dollars in commissions, but also not to be subject to various requirements and restrictions.