Re:Spotify Form F-1
by jonknee on Wednesday February 28, 2018 @03:54PM
(#16486807)
Spotify is not issuing new shares so they will not have any price to set. It's up to the "Registered Shareholders":
> The Registered Shareholders may sell their ordinary shares covered hereby pursuant to brokerage transactions on the NYSE at prevailing market prices at any time after the ordinary shares are listed for trading thereon.
Plus:
> prior to the opening trade, there will not be a price at which underwriters initially sold ordinary shares to the public as there would be in an underwritten initial public offering
> The Registered Shareholders may sell their ordinary shares covered hereby pursuant to brokerage transactions on the NYSE at prevailing market prices at any time after the ordinary shares are listed for trading thereon.
Plus:
> prior to the opening trade, there will not be a price at which underwriters initially sold ordinary shares to the public as there would be in an underwritten initial public offering
As I said, this should be fun to watch!