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Spotify files for a direct public listing on New York Stock Exchange

Feb 28, 2018 - VentureBeat

Feb 28, 2018( VentureBeat: http://venturebeat.com/ Delivered by Newstex) (Reuters) - Music streaming service Spotify on Wednesday filed for a direct listing of its shares, taking an unusual path to the U.S. public markets for a large company. A direct listing will let Spotify list existing shares, owned by its investors and employees, without raising new capital or hiring a Wall Street bank or broker to underwrite the offering.

The company did not specify a listing price for its shares i...