Spotify Officially Goes Public, and Consumer Goods Bankruptcies Continue

The past week was relatively quiet for IPOs. Most notable, however, was, Spotify Technology SA's (NYSE: SPOT) unique direct listing, which resulted in first-day stock appreciation. The previously detailed direct listing by the Stockholm-based music-streaming company was the largest of its kind and might pave the way for other firms looking to enter public markets through the non-traditional route.
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During the past year, many notable U.S. retailers have been significantly derailed by the consumer spending shift to e-commerce and their heavy debt burdens. Since the start of 2018, Toys-R-Us, iHeartMedia, and Claire's have all filed for bankruptcy. During the past two weeks, two more recognizable companies have filed bankruptcies: Remington Outdoor Co. and Nine West Holdings, Inc. 

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