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Spotify to go public as direct listing on NYSE: source

Friday, May 12, 2017 - 22:49

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Music streaming service Spotify will be a direct listing on the New York Stock Exchange when it goes public later this year or early next year, a source familiar with the situation said on Friday.

[BENGALURU] Music streaming service Spotify will be a direct listing on the New York Stock Exchange when it goes public later this year or early next year, a source familiar with the situation said on Friday.

Spotify is valued at US$13 billion, the source said.

The New York Stock Exchange was not immediately available for comment. Spotify declined to comment.

REUTERS

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