Report: Spotify Discussing A NYSE Listing In Late 2017 Or Early 2018

Skipping Traditional IPO?

BLOOMBERG reports, "SPOTIFY LTD. executives have met with U.S. regulators scrutinizing the music company’s plan to skip a traditional share sale and list directly on the NEW YORK STOCK EXCHANGE, according to people with knowledge of the matter."

The report notes SPOTIFY execs met with SECURITIES AND EXCHANGE COMMISSION officials in JULY. "Regulators asked for the meeting to get details on the plan by the world’s largest paid music streaming service to do an end-run around an initial public offering -- the conventional route to listing shares," adds BLOOMBERG. "The company has remained in touch with SEC officials since the meeting, the people said." Several sources expect SPOTIFY to be listed on the NYSE later this YEAR or early in 2018.

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