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IPO-less IPOs

IPO-less IPOs
Published on: 16 January 2018
Published by: LexisPSL
  • IPO-less IPOs
  • Direct listings—a rise in popularity?
  • Direct listings in London
  • Are the objectives for going public met?

Article summary

Corporate analysis: Spotify, the Swedish music, podcast, and video streaming services company, confidentially filed initial public offering documents in New York during December 2017 as it pursues a direct listing rather than a more conventional listing with an associated capital raising. Meanwhile in London, Metro Bank plc also used the direct listing method without raising money at the time of flotation. Could this pave the way for more companies to use this method of coming to the market? or take a trial to read the full analysis.

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