DPOs (like Spotify) vs IPOs (like basically any other company)

• Spotify opens at $165.90, valuing company at almost $30 billion - TechCrunch
• Here’s why Spotify had to go public this year - Recode
• Comparing Equity, Debt And Convertibles For Startup Financings (See “Convertible Debt”)
• The Reinvention Of The IPO : Planet Money : NPR

Just some resources I’ve read or listened to. SPOT has gone up so far and avoided a lot of the investment banking cost involved in an IPO, which is definitely interesting.