Sign up to receive 5 free days of our daily summary for tech news.

Subscribe today for just $10/month for your first 3 months to access daily conference calls during the week of the Uber IPO. 

Read this article for free.

Already a subscriber? Log in here

Media Enterprise Entertainment Cloud Markets

Spotify Finance Chief Sees Important Test in Slack Listing

On Friday, the business messaging company Slack filed paperwork confirming it will go public through a direct listing of its shares. Slack has the chief financial officer of another company, Spotify’s Barry McCarthy, to thank for making the process a little smoother.

That’s because Mr. McCarthy last year shepherded Spotify through the streaming music service’s own direct listing, an unusual method of going public that allows companies to avoid some of the restrictions of initial public offerings. In an interview with The Information, Mr. McCarthy discussed the direct listing process, Spotify’s motivations for ditching the tradition of an IPO and how Slack’s listing could be a pivotal moment that encourages other tech companies to follow suit.

“If they can do it, then many people can do it,” he said.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Apple Policy

Apple’s Grip on Apps Faces Challenge From Supreme Court Ruling

By Ashley Gold and Christopher Stern

Media Startups Entertainment

Streaming Service Quibi Seeks Up to $1 Billion in New Funding

By Tom Dotan and Jessica Toonkel

Media Facebook Policy

Hulu, Spotify Competing for Bigger Share of Political Ad Spending

By Christopher Stern and Jessica Toonkel

Entertainment

Rising Fees, Falling Audiences Highlight Pay TV Dilemma

By Jessica Toonkel

'If Slack is successful, then you’ll see many more companies thinking about it,' said Spotify CFO Barry McCarthy.