The way most companies first sell their shares to the public is tried and true; hire an investment bank, do a roadshow, agree to a lockup period, etc etc.
But Spotify is doing none of those things. In fact it's not doing an initial public offering at all: it's doing a direct public offering instead.
It's an unusual move. but if it works, it could change the way a big part of Wall Street business is done.
Links:
How ans IPO gets done, step by step (CNBC)
Spotify plans to go public on April 3 (CNN)
Greenshoe Options: An IPO's Best Friend (Investopedia)
Music byRadiohead,The O'Jays, and. Find us:Twitter/Facebook.
Subscribe to our show onApple Podcasts,PocketCastsand.
Copyright 2021 NPR. To see more, visit https://www.npr.org. 9(MDAxODc1ODA5MDEyMjg1MDYxNTFiZTgwZg004))
