, Columnist
Spotify Disrupts the IPO But Keeps the Costs
The music streaming company isn't getting a bargain.
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IPOs aren't cheap. Even the ones that aren't IPOs.
Spotify Technology SA disclosed on Monday that it expects costs of 35 million to 40 million euros ($44 million to $50 million) related to its coming debut as a publicly listed company. Instead of the typical initial public offering conducted and controlled by high-priced investment bankers, Spotify plans to make its existing privately held shares available to buy and sell freely on the stock market next week.