Pro Music Rights is preparing a Spotify-style direct public offering comprised of 910 million shares, per a new SEC filing. Pro Music Rights didn’t address the development with a formal statement. However, a 68-page-long Form S-1, submitted to the SEC on December 29th, sheds additional light on the nuances of the stock listing – which, to be sure, “is not being underwritten by any investment bank.”
Source: PRO Music Rights Is Preparing a Spotify-Style Direct Public Offering