Spotify, valued at $13b, to launch direct listing on NYSE

Spotify, valued at $13b, to launch direct listing on NYSE

Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic

Music streaming service Spotify, most recently valued at $13 billion, will be the first major company to carry out a direct listing on the New York Stock Exchange when it goes public later this year or early next year, two sources familiar with the situation said on Friday.

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