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Spotify's un-IPO has arrived

By Axios

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  • It is true that Spotify’s ability to directly list is a result of a confluence of policies and occurrences that have been a long time in the making and are, to a large extent, unique to Spotify.

    As such I think we won’t be seeing many companies who are one or two years away from IPO following in their footsteps.

    That being said, what Spotify has done, (if successful) is create a new model for companies that are still early in the growth cycle. What is now unique to Spotify is replicable and as

    It is true that Spotify’s ability to directly list is a result of a confluence of policies and occurrences that have been a long time in the making and are, to a large extent, unique to Spotify.

    As such I think we won’t be seeing many companies who are one or two years away from IPO following in their footsteps.

    That being said, what Spotify has done, (if successful) is create a new model for companies that are still early in the growth cycle. What is now unique to Spotify is replicable and as young companies mature, they can shape their growth to follow a similar path.

    Not good news for the investment bankers, but most people probably won’t shed too many tears.

  • The interesting thing isn’t this one data point in time - as they describe it - but the ongoing attack on Wall St bankers and “the way they’ve always done it.” Is disruption inevitable?

  • It will be interesting to how this plays out over the next few weeks. It’s surprising how much in fees the company is still paying to list, not much less than if it was to go through a traditional listening. Definitely a novel approach but could be rough waters, especially if the market dives due to Trump’s new policies or backlash against tech. Without banks to stabilize the offering, could be in for some wild swings. Either way, within a couple of weeks we’ll see if this was worth all the trouble or not.

  • It may not be an IPO per se, but they still hired Goldman and Morgan Stanley. I guess they didn’t want to PO the investment banks. Get it? 😜

  • chchchchanges

  • ok

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