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

Markets

Why Uber and Airbnb Should Copy Spotify with a Direct Listing

A month after debuting on the New York Stock Exchange by going public without selling new shares—an unprecedented direct listing—it is clear that Spotify’s experiment was a success. The Swedish music streaming company is trading 21% higher than where its stock traded in the private market immediately before its public listing.

Other tech companies should consider following suit. Here’s two that would be ideal candidates: Uber and Airbnb, both expected to go public in the next year or two.

Recent Articles

Crypto

Financial Institutions Warm to Crypto

By Jon Victor

Autonomous Vehicles Uber/Lyft

Uber’s Losses Mount at Self-Driving Car Unit

By Amir Efrati

Asia Entertainment

Does Tencent Music Deserve a Spotify-Like Valuation?

By Alfred Lee and Wayne Ma

Asia Uber/Lyft

As Didi’s Growth Misses Goals, Focus Shifts to Car Services

By Yunan Zhang