In Snap’s massive IPO earlier this year, rookie investors had to wait for the big guys on the street to take their cut before buying their own, pricier shares of the disappearing photo company.
But when music-streaming service Spotify goes public, investors might not have to wait. The company is reportedly preparing to go public in a very different way, with shares offered directly to the public.
Spotify is seriously considering a direct public offering, according to people with knowledge of the matter, as reported by the Wall Street Journal. It’s a less costly process for the company going public as it cuts out the underwriters and the hefty fees that come with them.
Read Article: Fortune.com