What IPO process led to trading of Spotify stock in the public secondary market? Direct listing assisted by algorithmic trading Direct auction to the public Underwriting by a group of investment banks Stock purchase rights allocated to existing shareholders; rights were listed on the stock exchange and hence could be traded publicly with the aid of robot traders Private placement to major hedge funds
What IPO process led to trading of Spotify stock in the public secondary market? Direct listing assisted by algorithmic trading Direct auction to the public Underwriting by a group of investment banks Stock purchase rights allocated to existing shareholders; rights were listed on the stock exchange and hence could be traded publicly with the aid of robot traders Private placement to major hedge funds
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Question 5
What IPO process led to trading of Spotify stock in the public secondary market?
Direct listing assisted by algorithmic trading
O Direct auction to the public
Underwriting by a group of investment banks
Stock purchase rights allocated to existing shareholders; rights were listed on the stock exchange
and hence could be traded publicly with the aid of robot traders
Private placement to major hedge funds
Underwriting by algorithmic trading companies
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