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?
The CMA Awards are back Wednesday to honor the top artists in country music, with Lainey Wilson, Jelly Roll, Ashley McBryde and Morgan Wallen among the acts hitting the stage.
One of the hottest bakeries in New York City recently opened this year. Cheddar News spoke with Clio Goodman, chef and owner of ByClio's Bakery in Brooklyn, to show its interesting, delicious, and unique cake flavors.
