Here’s why Spotify will go public via direct listing on April 3rd

Spotifyexplained why it’s ditching the traditional IPO for a direct listing on the NYSE on April 3rd today during its Investor Day presentation. With no lockup period and no intermediary bankers, Spotify thinks it can go public without all the typical shenanigans.
Spotify described the rationale for using a direct listing with five points:List Without Selling Shares  – Spotify has plent of money with $1.3 billion in cash and securities, has no debt since it converted t