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New kid on NYSE block: Spotify shares attract all ages not just millennials

Spotify's listing was hotly followed, as it went public via the unusual method of a direct listing, without selling new shares

Reuters 

The buzzy debut of Spotify Technology SA on the New York Stock Exchange on Tuesday drew retail investors across generations, not just the Millennials who make up the largest proportion of the music streaming service's customer base, retail brokerages said on Wednesday. Spotify's listing was hotly followed, as it went public via the unusual method of a direct listing, without selling new shares. There was demand for the stock, and shares ended up 12.9 percent on their first day of trade on the New York Stock Exchange. On Wednesday, the shares ended the day's session at ...

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First Published: Thu, April 05 2018. 23:46 IST
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