Maureen Farrell, Reporter at The Wall Street Journal, discusses Spotify's non-traditional approach to going public. The company will do a direct listing where three major banks will split a mere $30 million.
Farrell talks about the pros and cons of filing this way. Even though banks lose money with a filing like this, it gives more transparency to employees and investors when buying and selling shares of the company. Farrell also talks about the unprecedented nature of such a filing, noting that there are concerns about whether the direct listing will go smoothly. If the listing goes well, will other tech companies follow suit?
Don't know what to watch on streaming this weekend? The Cheddar News Digital Team has you covered! This week we suggest some of the toughest people out there: socialites, comedians, celebrities and anyone hosting Thanksgiving dinner.
There has been a movement during the fall to leave the leaves rather than breaking up falling leaves and putting them in garbage bags to send to a landfill.
