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?
A semi-trailer truck driver was killed when a train derailed and a bridge collapsed, spewing coal and mangled train cars across a highway near Pueblo, Colorado, on Sunday, authorities said.
Suzanne Somers, the effervescent blonde actor known for playing Chrissy Snow on the television show “Three’s Company” and who became an entrepreneur and New York Times best-selling author, has died.
Madonna kicked off her career-spanning Celebration Tour at London's O2 Arena on Saturday night, marking her first performance since suffering what her manager called a “serious bacterial infection” that led to hospitalization in an intensive care unit for several days back in June.
