Spotify opens on NYSE, valuing company at almost $30B

Re:Spotify opens on NYSE, valuing company at almost $30B by PaulHoule on Tuesday April 03, 2018 @01:29PM (#16746984)

This has investment bankers quaking in their boots.

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Re:Spotify opens on NYSE, valuing company at almost $30B by wweidendorf on Tuesday April 03, 2018 @01:43PM (#16747143)

Not even remotely - they made out better on this than other recent IPOs.

They are paying 35 - 40 euros or ~$45 million at the midpoint. If they float $1 billion in shares today, that means fees are 4.5% of the overall “offering”, or almost exactly what Dropbox paid.

https://www.bloomberg.com/news/articles/2018-03-26/spotify-l...

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Re:Spotify opens on NYSE, valuing company at almost $30B by timkpaine on Tuesday April 03, 2018 @07:26PM (#16750408)

1. Snapchat was listing, not raising capital. Until we see a similarly high-profile company try to raise equity (and I doubt we will), there's no reason to worry for IB.

2. If a client wants to buy/sell snapchat, the investment bank is still going to make broker fees on the transactions.

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