Spotify's direct listing breaks the mould – unlike its governance

Music app copies Silicon Valley’s obsession with control through unequal voting rightsSpotify’s arrival on the New York Stock Exchange is revolutionary only in one way. The music streaming service refused the usual public offering of stock and chose a “direct listing”, in which the price of the shares is set by buyers and sellers in the market without the help of investment bankers’ expensive underwriting and “stabilisation” services. Smart move: Spotify