Spotify’s shares ended up 12.9 per cent higher on its first day of trading on the New York Stock Exchange, on April 3, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Photo: Bloomberg Spotify’s shares ended up 12.9 per cent higher on its first day of trading on the New York Stock Exchange, on April 3, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Photo: Bloomberg
Spotify’s shares ended up 12.9 per cent higher on its first day of trading on the New York Stock Exchange, on April 3, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Photo: Bloomberg
Stephen Vines
Opinion

Opinion

The View by Stephen Vines

Spotify’s IPO was a success. Never mind that it’s a loss-making company

Stephen Vines says while most companies go to market to raise money, with its DIY listing on the New York Stock Exchange, Spotify is asking the market to be a loss funder. That’s far from unusual in hi-tech stock listings

Stephen Vines
Stephen Vines

Updated: 10:37pm, 18 Apr, 2018

Why you can trust SCMP
Spotify’s shares ended up 12.9 per cent higher on its first day of trading on the New York Stock Exchange, on April 3, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Photo: Bloomberg Spotify’s shares ended up 12.9 per cent higher on its first day of trading on the New York Stock Exchange, on April 3, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Photo: Bloomberg
Spotify’s shares ended up 12.9 per cent higher on its first day of trading on the New York Stock Exchange, on April 3, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Photo: Bloomberg
READ FULL ARTICLE
Stephen Vines

Stephen Vines

Stephen Vines is a Hong Kong based writer and journalist. He has worked in Asia for The Guardian‚ The Daily Telegraph‚ and The Independent‚ and was a consultant editor for The Asia Times.