SEC is investigating Spotify’s plans to go public without an IPO

Officials from the Securities and Exchange Commission (SEC) have met with Spotify executives to examine the company’s plans to bypass the initial public offering (IPO) market and list shares directly on the New York Stock Exchange, according to Bloomberg.
Such direct listings, rare on major stock exchanges, tend to involve small companies moving from the over-the-counter market to a national exchange. Spotify is valued at $13 billion, making its plans for a direct listing an unusual t