Spotify Files For IPO

Spotify Files For IPO

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Spotify, the music streaming company, has filed paperwork to list its shares on the New York Stock Exchange. Beginning the regulatory process for a listing means the popular music service could be the first large, well-known market debut of 2018, after a rebound in initial public offering activity last year. By the end of the first half of the year, Spotify plans to pursue a so-called direct listing, which means investors will be able to trade shares on the open market without the conventional IPO process. (FT)