Spotify files for IPO in New York

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You Are Here:Spotify files for IPO in New York

(Telecompaper) With a private listing, there is no price given before, as shares simply start trading on day one. The company did give trading ranges for some private transactions that took place in recent months, saying some shares sold for USD 37.50, 90.0, 125.0 and as much as USD 132.50; the latter would give the company a market capitalisation of around USD 23 billion. Spotify added that these prices may have little or no relation to the share’s final price when it starts trading. 
Source: Industry News (syndicated from Telecompaper.com)

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