News for hackers. Stuff that matters.

A comment on IPOs are expensive and cumbersome – Try a direct listing, like we did at Spotify. Parent comment

Re:IPOs are expensive and cumbersome – Try a direct listing,... by ObscureMind on Thursday August 09, 2018 @02:11PM (#17726819)
> I think they are right but they really have no proof that they avoided the IPO pop discount. They actually opened trading at $165.90 and closed at $149.01.

Incorrect. They opened at $120, jumped to $165 then dropped to $149.

[ Parent | on HN ]
Re:IPOs are expensive and cumbersome – Try a direct listing,... by chollida1 on Thursday August 09, 2018 @02:15PM (#17726863)
Umm

NYSE set a reference price of $132

Shares made their debut with an opening price of $165.90

Shares peaked at $169 shortly after trading began

Shares closed at $149.01

https://www.fastcompany.com/40554046/heres-how-spotifys-stoc...

[ Parent | on HN ]