If Spotify is successful with its nontraditional public offering, Airbnb could go down the same path, reports The Wall Street Journal. Multiple reports claim Spotify is going to directly list its shares on the NYSE instead of going down the usual IPO route.
With a direct listing, the music streaming company won't go through another round of funding. Since it already has a lot of cash, such as from its $1 billion in debt financing last year, it can forego more funding right now.
Airbnb's potential direct listing could also be made easier by some beneficial rule changes rumored to be coming from the NYSE.
0 Comments