![Cutting out the middlemen: Daniel Ek, chief executive officer and co-founder of Spotify.](/web/20170514063247im_/http://www.smh.com.au/content/dam/images/g/r/s/1/b/o/image.related.wideLandscape.300x169.gw42iw.png/1494681252707.jpg)
Spotify cuts out banks on way to Wall Street
The music streaming service will be the first major company to carry out a direct listing on the New York Stock Exchange, cutting out banks and brokers in a move that could change the way companies sell shares.