Who's Banking On Spotify? | MUSIK !D TV NEWS
Currently, Spotify’s stock is exchanging covertly for nearly $5,000 a share or $125 a share after their stock separated. The company is expected to disclose its official day of trading on March 15, but the stockholders are preparing to begin trading shares on March 26 and start trading choices in April.
Spotify intends not to make proposals for new shares but to allow current stockholders to trade their stocks to the public. If the majority of them clear out, then the share price will decline. But if they stay, the share price would increase. Each major has 5% of Spotify’s stock, but Sony owns most with 5.7% of the company’s shares.
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