Leading private placement and Pre IPO broker, Inter Growth Investment Limited, opines on the much anticipated direct listing by Swedish music-streaming company, Spotify
Inter Growth Investment Limited is a leading pre IPO and private placement broker headquartered in Hong Kong. The investment company has recently opined on what has been described as one of many unicorns in the tech industry set to become public in 2018. Spotify’s plan of going public seems to be close to becoming a reality, with reports indicating that the company will be listing its stocks on the New York Stock Exchange in March.
Arguably the biggest global music streaming company on the planet, Spotify has become the go-to platform for millions of music lovers across the globe and the company has taken another rather unorthodox approach to its plan of going public by bypassing the major players on Wall Street.
Unlike the typical IPO where companies go through Wall Street to sell its stocks to the public, Spotify’s direct listing, planned to debut in late March or the first few weeks in April, will be done through a untraditional process, with the company’s insiders like the early employees and backers being able to sell their rights on the exchange. Consequently, the giants of Wall Street are bypassed and new investors have the opportunity to buy the stocks directly from these sellers.
Spotify’s initial public offering is coming after reports that the company filed confidential documents with the SEC in late December, as part of the process of having its stock listed on the NYSE. The Swedish music-streaming company has been recognized by many as the biggest music streaming company in the world, with the company seeing only the likes of Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) as its main rivals.
The listing presents a chance for investors across the globe to be a part of the revolution in the music industry. The potentials of the stock, taking into consideration the performance and growth of Spotify since it started operations look bright and Inter Growth Investment has an entry method to be part of this fantastic opportunity.
About Inter Growth Investment
Inter Growth Investment is an investment company that started operations in 1971. Headquartered in Hong Kong, Inter Growth Investment Limited is dedicated to offering its clients the best possible service, ensuring they successfully increase growth and profits year on year, providing the best-of-breed top active managers with customized yet passive exposures to build a diversified portfolio for the company and its highly valued client base.
Media Contact
Company Name: Inter Growth Investment Limited
Contact Person: Anthony Chan
Email: info@intergrowthinvest.com
Phone: +852 5808 1397
Country: HongKong
Website: www.intergrowthinvest.com