Spotify finally realized its IPO, after going the road less travelled and listing directly. Shares have already increased in value from $132 initially to settle around $140 for now. For those that already owned some Spotify stock, it was a good day. Like Sony: It held 5.7 percent of the streaming service through its Sony Music Entertainment arm, and sold under 20 percent of that when Spotify was listed, resulting in a payout of roughly $177 million. Good day is putting it mildly.
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