NEW YORK (Reuters) - Spotify <SPOT.N> shares began trading on the New York Stock Exchange on Tuesday with an opening price of $165.90 per share.
The streaming music leader has structured the stock market listing to allow existing investors to sell directly to the public while offering no shares of its own, in a test case being closely watched by other well-funded multibillion-dollar tech companies with no immediate cash-raising needs.
(Reporting by Chuck Mikolajczak; editing by Jonathan Oatis)
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