Spotify's unusual IPO seeks to drum up fans on Wall Street
SAN FRANCISCO (AP) " Music-streaming pioneer Spotify is hoping to attract a new crowd of fans on Wall Street as its competition with Apple heats up.Spotify is pursuing an unusual initial public offering that will sell some of its existing stock instead of issuing more shares to raise money. The strategy will make it easier for Spotify's existing stockholders to cash out of their investments while creating a potential new financial channel for the company.Spotify took its first [...]
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