spot

Tencent Music To Launch USD 1.2 Billion IPO In The U.S.

Tencent Music To Launch USD 1.2 Billion IPO In The U.S.

Tencent Music Entertainment announced on Monday it is moving forward with its plans to launch its highly-anticipated U.S. initial public offering of up to USD 1.2 Billion after global stock markets were boosted by a truce brokered by U.S. and Chines..

Spotify launches streaming service in the Middle East and North Africa

Spotify launches streaming service in the Middle East and North Africa

Spotify’s (NYSE: SPOT) recent Palestinian launch gives unique opportunities to local artists.Last week, Spotify increased its presence in the area as it launched its streaming service in the Middle East and Africa. This move allowed local Pale..

Spotify Reported Third-Quarter Financial Results

Spotify Reported Third-Quarter Financial Results

Spotify Technology S.A. (NYSE: SPOT)on Thursday announced financial results for the third fiscal quarter in line with analysts’ estimates.The music streaming service said total revenue rose 31% to 1.352 Billion euros (USD 1.54 Billion) in the ..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..

Spotify Tumbles After IPO After Analyst Ratings

Spotify Tumbles After IPO After Analyst Ratings

Spotify Technology SA (NYSE: SPOT) made its debut on the New York Stock Exchange on Tuesday, who went public through direct-listing. The stock listed on the exchange at $165.90, before falling to Tuesday’s closing price of $149.60. Shares cont..

Spotify’s Unusual IPO Caused Worries of Big Banks

Spotify’s Unusual IPO Caused Worries of Big Banks

Shares of Spotify Technology S.A. (NYSE: SPOT) are expected to start trading on New York Stock Exchange today. Instead of raising money by selling new shares, Spotify only sells existing shares through a direct listing, given the company’s val..