Spotify IPO is Not an IPO

By Rick Roman - 26 Mar 2018 1138 0 comment

The Spotify IPO is expected April 3, 2018. Here are some interesting tidbits that most people don’t know:

Spotify is not a US company. It is a Swedish company.
Spotify expected to list on the NYSE under the ticker “SPOT”.
Spotify is not expected to offer paper stock certificates and instead record ownership electronically.
The Spotify IPO is not really an IPO. It is technically a direct listing. It differs from the norm because in this case, current owners and employees will be selling stock and getting the proceeds not the company. In addition, an IPO normally involves the company selling stock to investment banks who then make the shares available to the public on the stock exchange.
The fact that investment bankers will not be involved is expected to make the Spotify stock price more volatile initially.

You will be able to buy Spotify stock at GiveAshare.com on April 3.

GiveAshare.com specializes in selling single shares of stock as gifts.

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Rick Roman

Rick has a B.S. in Finance from Arizona State University, 50 years of stock market experience, a long career in high-tech corporate finance, co-founder of GiveAshare.com, and author of the award-winning book, I'm A Shareholder available on Amazon and GiveAshare.com. Rick has been quoted as a stock gift and kids financial literacy expert in many publications including CNN Money, USA Today, CBS MarketWatch and has participated in financial literacy organizations like the Council for Economic Education and the JumpStart Coalition.