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Spotify Seeks To List Stock Directly On NYSE

As part of its unorthodox plan to go public, Spotify reportedly wants to skip a traditional share sale, and list directly on the New York Stock Exchange. “With a stream of cash from its more than 60 million paying subscribers and awareness among investors, the company isn’t seeking to raise money or make itself known to potential stockholders -- key IPO objectives,” Bloomberg writes. “A direct listing also avoids underwriting fees and restrictions on stock sales by current owners, and doesn’t dilute the holdings of executives and investors.”

Read the whole story at Bloomberg »

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