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Its direct listing could backfire, spooking investors.
Spotify Said to Lean Toward Direct Listing on N.Y.S.E.
In a direct listing, companies do not go on I.P.O.
Now iHeartMedia is considering either an initial public offering of stock or a direct listing.
Spotify, the music streaming company, had a successful direct listing last year.
Spotify shares launch on the New York Stock Exchange as part of a direct listing for the world's largest music-streaming subscription service.
Spotify is done with its long-awaited "direct listing" experiment.
It's unclear whether this deal impacts the potential for a direct listing.
Doing a direct listing can be taken a couple of ways.
These three companies served as advisers on Spotify's direct listing as well.
But Spotify's direct listing is much cheaper as well as more efficient and democratic.
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