SPOTIFY IPO ALERT: Spotify IPO pops more than 25% in unorthodox direct listing on NYSE

Spotify’s initial public offering debuted at $165.90 per share, above the reference price of $132. The music-streaming service listed shares directly on the New York Stock Exchange, an atypical approach for an IPO, which allowed the company to avoid heavy underwriting fees and may set the tone for future companies.
Read more about Spotify’s IPO debut: https://fxn.ws/2q2u6qD
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