Council of Institutional Investors

Event Calendar

Thursday, May 24, 2018

Teleconference: Spotify’s Direct Listing - Better than an IPO?

Start Date: 5/24/2018 3:00 PM EDT
End Date: 5/24/2018 4:00 PM EDT


Organization Name: Council of Institutional investors

Contact:
Kylund Arnold
Email: kylund@cii.org
Phone: 2028220800

On April 3 Spotify went public on the New York Stock Exchange. Rather than a traditional initial public offering, Spotify started trading following a process called a “direct listing.” What is a direct listing? How does it differ from an IPO? What are the pros and cons of a direct listing from the perspective of investors? Three legal experts will explore these and other issues relating to Spotify’s recent listing.

Speakers: 

  • Andrea Basham, Counsel, Cleary Gottlieb Steen & Hamilton LLP (See recent post on topic)
  • David Lopez, Partner, Cleary Gottlieb Steen & Hamilton LLP
  • Charles M. Elson, Edgar S. Woolard, Jr., Chair in Corporate Governance and the director of the John L. Weinberg Center for Corporate Governance at the University of Delaware
Moderator: Jeff Mahoney, CII’s general counsel