Martin Lorentzon helped found Spotify more than a decade ago in Stockholm in 2006. Spotify Co-founder Martin Lorentzon (12.2%) Here’s how Spotify’s five biggest pre-existing investors did during the company’s first day as a publicly traded firm, based on their holdings before the day began. But the allure of raising money through a standard IPO will likely prove a powerful draw. Given the relative success of Spotify’s first day on the public markets, there’s a chance more private companies could follow the company’s lead and choose to go with a direct listing instead of a traditional IPO. But it also exposes firms to potential volatility, as underwriters can help stabilize a stock’s day-one performance. That can help a company save in underwriting fees and make the process more accessible to the public.

Instead of a typical IPO, which gives companies a chance to raise money, Spotify opted for a direct listing, which simply offers existing stockholders the chance to cash out on their investment.įurthermore, Spotify did not work with an underwriter on the listing. There have been some rumors about the startup for months, but Ek’s interest in the healthcare industry is at least a decade old.Spotify’s stock was closely watched throughout the day because of the unusual process behind the company’s 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