Spotify says FU to the normal IPO process!

"The next ten minutes are commercial free thanks to the following commercial."
-Spotify

Starting tomorrow, shares of Spotify will be sold on the stock market. However, they avoided the traditional initial public offering (IPO) process in favor of a direct public offering (DPO). All those fancy words mean is they're allowing private shares to be sold directly to the public rather than going through underwriters who will shepherd the process (including setting the initial price, finding the best security to sell, and the amount of shares to bring to market) for a big fee. There are caveats though. Prices of stocks will vary wildly because there is no agreed upon price. And some other stuff too. Find out what they are only on News Time!