Is Spotify too big to fail? It just went public, so we’ll find out soon
Today, any would-be investor is able to buy a piece of the most popular on-demand music streaming service on Earth: After years of rumors, Spotify has gone public. It may sound like an opportunity akin to getting in early on purchasing Amazon or Netflix stock, but don’t call up your broker just yet. This is a complicated situation, and one you may wish to steer clear of. Spotify, the Swedish streaming service that boasts more than159 million monthly listeners,divulged plansto go forward with a direct listing, a form of going public that differs from the usual investment bank-backed Initial Public Offering (IPO) in that no new shares will be issued upon its debut, late last year....