So, if Spotify did not need liquidity, why did it go public at all? Vogel explains that at the point that Spotify was exploring going public, the company was more than 10 years old. We thought, why would we dilute our existing shareholders when we don’t need liquidity?” For starters, we had a strong liquidity position, so we didn’t need to sell shares to raise capital. Spotify was also in a different position than a lot of companies that go public. It started with Barry’s vision of what we could do differently and what we were trying to accomplish. We like to be innovative and cutting edge – take risks and experiment. We talked about the process of going public and spent a lot of time thinking about what worked, what didn’t work, and where there were inefficiencies we could improve upon,” Vogel explains. “The idea grew out of discussions with Barry McCarthy, our former CFO. In doing so, Spotify pioneered the direct listing. This means the company listed and offered shares without any underwriting from the banks. Spotify went public on the New York Stock Exchange (NYSE) in 2018 via a direct listing rather than an IPO. There have been some rumors about the startup for months, but Ek’s interest in the healthcare industry is at least a decade old.The driving forces behind Spotify’s direct listing While the announcement was unexpected, Ek’s decision to venture into the industry was not. These scans, which are open to the public and only take a few minutes, only cost around $190 (2,000 SEK). However, Neko Health’s full-body scans are looking to push back. In the US, healthcare costs have been rising year by year, and the same is true in Sweden and the European Union. Healthcare costs have been rising around the world. Neko Health’s Fight Against Rising Healthcare Costs While doctors still have the important role of reviewing everything and communicating with patients, the results can be tracked and viewed by patients via app. To make things even more efficient, the data is then processed by a “self-learning AI-powered system.” The results are then sent to doctors and patients, a trend likely to be seen more often as AI’s presence continues to increase in healthcare.

Spotify co founder