Spotify Said to File to Go Public NYSE

The video discusses Spotify's unique approach to going public without a traditional IPO, highlighting its valuation range and the decision to list shares directly on the NYSE. This approach is driven by Spotify's strong cash flow and the desire to avoid underwriting fees. The timing is influenced by the need for investor liquidity and obligations from a convertible debt deal with TPG and Dragoneer.

What is one of the unusual aspects of Spotify's approach to going public?

• They are using a traditional IPO roadshow.

• They are listing directly on the New York Stock Exchange.

• They are raising funds through a new investor round.

• They are merging with another company.

Why does Spotify not need to raise money through a public offering?

• They have recently taken a large loan.

• They generate significant cash from their subscribers.

• They rely solely on advertising revenue.

• They have a small subscriber base.

What is a personal reason for Spotify's CEO to choose a direct listing?

• He wants to follow traditional methods.

• He wants to delay the listing process.

• He enjoys paying underwriting fees.

• He prefers unconventional approaches.

What is one reason for the timing of Spotify's public listing?

• They are waiting for a better market condition.

• They have grown significantly, allowing investors to liquefy stakes.

• They have resolved all disputes with TPG.

• They want to delay investor liquidity.

What financial agreement is influencing Spotify's decision to go public soon?

• A convertible debt deal with TPG and Dragoneer.

• A new advertising contract.

• A merger with a tech company.

• A loan from a major bank.