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A comment on Spotify Form F-1. Parent comment

Re:Spotify Form F-1 by neom on Wednesday February 28, 2018 @05:41PM (#16487897)
Morgen Stanley is doing the book collection prior to open, so it's almost underwritten. It will be subscribed, either way.
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Re:Spotify Form F-1 by jonknee on Wednesday February 28, 2018 @07:04PM (#16488486)
From the document...

> because Morgan Stanley is not acting as an underwriter, it will not have engaged in a book building process, and as a result, it will not be able to provide input to the DMM that is based on or informed by that process

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Re:Spotify Form F-1 by neom on Wednesday February 28, 2018 @07:24PM (#16488624)
You're totally right, my bad. I read it as ".. as a financial advisor to be available to consult AS the designated market maker" - thanks for pointing that out. :)
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