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Spotify to go public as direct listing on NYSE: source

Posted by: Admin | Posted on: May 12th, 2017 | 0 Comments

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 $13 billion, the source said.

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

(Reporting by Pallavi Dewan in Bengaluru; Editing by Sai Sachin Ravikumar)

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