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Was Spotify’s Direct Offering Really So Brilliant? SPOT Shares Slip to $104 as $17 Billion In Market Cap Goes Poof

Was Spotify’s Direct Offering Really So Brilliant? SPOT Shares Slip to $104 as $17 Billion In Market Cap Goes Poof

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And for anyone cashing out near the top — including Warner Music Group and Sony Music Entertainment — this is the stuff of genius.

 

Also not complaining: Spotify executives who cashed out their coveted shares, especially those with low strike prices.

Source: Was Spotify’s Direct Offering Really So Brilliant? SPOT Shares Slip to $104 as $17 Billion In Market Cap Goes Poof

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