M17 delays IPO debut after pricing this morning on NYSE

M17 Entertainment, a Taipei-based live streaming and dating app group, priced its IPO this morning on the NYSE and was expected to open trading today according to their final press release. But with just a little more than two hours to go before market closing, it’s still not trading, and no one seems to know […]

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The owner of the New York Stock Exchange is working on a bitcoin trading platform

The New York Stock Exchange is working on its own bitcoin trading platform. According to a new report from the New York Times, the NYSE’s parent company is developing an online exchange geared toward large institutional investors — the kind of financial heavyweights that the cryptocurrency community is waiting for with bated breath. Details of […]

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NYSE celebrates Spotify’s IPO by hanging the wrong flag outside

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Spotify‘s CEO may not want to make a big deal out of his company’s stock market debut, but the New York Stock Exchange is adding some flashiness. Unfortunately, the NYSE team also messed up who and what they’re celebrating. 

On Tuesday, the NYSE hung a Swiss flag outside of the building. The flag was next to two American flags and in front of a big banner for Spotify, as shared by Twitter user Joachim Löfstedt:

NYSE using the Swiss flag for @Spotify entering the stock market$SPOT 😂 #spotifyipo 🇨🇭🇸🇪 pic.twitter.com/VUBOJFTILF

— Joachim Löfstedt (@jlofstedt) April 3, 2018

One would think it was celebrating Spotify’s heritage. But as Löfstedt shared in his tweet with the laughing tears emoji and two flag emojis, the NYSE chose the wrong flag. Read more…

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Here’s what Spotify shares will be worth when they start trading

 Spotify has finally filed to go public. But unlike most tech offerings, Spotify won’t be raising any money by issuing new shares. Instead they’ll just allow existing shares owned by investors and employees to be traded publicly on the New York Stock Exchange. No IPO means there are no investment banks to underwrite and price the offering, meaning the public markets will essentially… Read More

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Spotify files for an IPO on the NYSE

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Soon, you too can own a part of Spotify.

The music streaming service has filed for its initial public offering, seeking $1 billion for its start on the New York Stock Exchange. The ticker will be $SPOT, according to the F-1 filing.

Spotify’s decision to go public has been expected and in the works for months as the company aims to return investments to venture capitalists and further grow its business. Now, it’s opening itself up to the pocketbooks and the scrutiny of the public market. That status isn’t always easy — just look at competing music-streaming service PandoraRead more…

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