PRO Music Rights Is Preparing a Spotify-Style Direct Public Offering

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

Post a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.