, Columnist
Tech Startups Are Infatuated With Not-IPOs
There's no reason to reinvent this particular wheel.
This article is for subscribers only.
I confess I went through a teenage "alternative" phase. I wore a lot of black clothing and listened intently to Pink Floyd records. Some young tech companies are going through their own spell of nonconformity.
Music streaming company Spotify Ltd. is considering listing its shares directly on a stock exchange. Uber CEO Travis Kalanick and a close lieutenant batted around the idea of buying a nonoperational public company to take its spot on a stock exchange, Adam Lashinsky writes in a new book. "Lean Startup" guru Eric Ries and other prominent tech types have been talking about alternative IPO paths, too.