Spotify Case Study: Structuring and Executing a Direct Listing

Spotify Technology S.A. went public on April 3, 2018 through a direct listing of its shares on the New York Stock Exchange.

Key Points:

..A direct listing is an innovative structure that provides companies with an alternative to a traditional IPO in the path to going public.

..Spotify had a number of important goals that it wanted to achieve along with going public, and a direct listing enabled it to do so.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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