Spotify aims for $1bn public share listing

Spotify aims for $1bn public share listing
 

Spotify, the world's biggest music streaming service, has filed paperwork to start selling its shares publicly on the New York Stock Exchange.
The firm, which launched in 2008, said its shares could be worth up to an estimated $1bn (£726m; €819m).
It plans to list shares directly on the NYSE, bypassing the traditional stock offering process.
In a typical public offering, companies issue new shares, with the initial price underwritten by investment banks.
With a direct listing, current Spotify shareholders will take their shares directly to the market.
The US Securities and Exchange... read more

 
28 February 2018 in World News, Views: 48
Source: BBC
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