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Viewsroom

Viewsroom: Spotify leads Wall Street on IPO dance

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 5 April 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

The music-streaming service enjoyed a mostly smooth stock-market debut despite largely bypassing investment banks. Ultimately, though, business success, not IPO hype, is what counts. Plus: Regulators and automakers are sparking up an altogether too cozy relationship. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today

0:10.7

and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.2

The economist know which way is up.

0:20.8

The views expressed on this podcast are those of the participants, not of Roald's News.

0:30.8

Has Spotify tuned into a better way for companies to take their stocks public?

0:36.6

And the Trump administration this week announced

0:38.6

plans to relax car emissions rules. But with carmakers investing tens of billions of dollars

0:43.7

in electric vehicles, does that even matter? These are the questions we'll be tackling on this

0:48.8

week's Views Room, a weekly conversation among breaking views columnists about the ups and downs

0:53.9

of the world of finance.

0:55.7

I'm your host Anthony Curry and with me is my co-host Jennifer Sabre. Hi, Jen. Hello. So, Jen,

1:01.5

let's get on to a topic you've been covering, Spotify. Its shares now trade on the New York Stock

1:07.6

Exchange after the music streaming services much hyped.

1:14.2

Well, I suppose we should call it a non-IPO IPO on Tuesday this week.

1:16.3

It was one of these, I say one of these.

1:20.7

It did a direct listing, as it's called, which reduces the role in investment banks play and the fees they get and basically allows buyers and sellers to link up with each other.

1:26.2

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