On: Spotify to directly list shares in its IPO

[joncrane]

>Spotify will, as expected, pursue a direct listing of its shares, an unusual process in which no new stock is issued — and therefore no money is raised.

What's the point of having an IPO if it doesn't raise money?

[dmbass → joncrane]

Allows the stock owners liquidate in public market

[nyreed → joncrane]

They have some very onerous terms on a loan where the longer they put off the IPO, the more their interest rate increases on that debt.

[jashmenn → joncrane]

Liquidity for the people who already own shares

[dudurocha → joncrane]

Liquidity to investors and employees.