Archive | IPO

Chinese music streaming platform, Tencent Music Entertainment, announces US IPO

Spotify‘s strategic partner in China, Tencent Music, has announced it will sell shares publicly on the New York Stock Exchange. The US IPO announcement was confirmed after a regulatory filing on the Hong Kong Stock Exchange. Tencent’s music division is said to be valued around $30 billion, making it as valuable as Spotify which went public […]

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Uber Plans IPO in 2019, Wants to Be ‘Amazon for Transportation’

Uber’s new CEO Dara Khosrowshahi announced Wednesday that the ridesharing company that has been clouded in controversy for the last few years is finally ready to go public, and intends to do so in the second half of 2019.Read more… Continue Reading at http://jalopnik.com

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Spotify stock opens at $165.90, giving streaming giant opening value of $29.5 billion

Spotify made a splash with its long-awaited debut on the public market, opening at $165.90 a share, placing the company’s valuation at $29.5 billion — up significantly from their $8.5 billion valuation back in 2015. Opening figures turned out to be considerably higher than projected numbers from last month when privately traded stocks were going […]

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Spotify officially files IPO

The global leader in music streaming services has announced its plan to go public today. Spotify has filed for a direct listing on the New York Stock Exchange under the symbol “SPOT.” According to the company’s filing with the SEC, Spotify shares recently traded for as high as $132.50 on private markets with a total valuation at $23 […]

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