News of Bahrain
Business4 April 20181 min read

Spotify to debut in stock market

Spotify yesterday debuts as a publicly traded company, hoping that its streaming music model will be a hit with investors and a boon to artists. In an unusual move, Spotify will list existing shares directly on the New York Stock Exchange rather than issuing new stock, allowing i

Editorial Team Legacy

Published 4 April 2018, 8:00 · Updated 21:42

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Spotify to debut in stock market

Spotify yesterday debuts as a publicly traded company, hoping that its streaming music model will be a hit with investors and a boon to artists.

In an unusual move, Spotify will list existing shares directly on the New York Stock Exchange rather than issuing new stock, allowing its founders and investors to maintain control and avoiding the cost of hiring Wall Street underwriters.

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