News Desk — April 3, 2018 at 11:09 pm — Updated: April 3, 2018 at 11:09 pm

Spotify shares jump in record-setting direct listing

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NEW YORK/SAN FRANCISCO (Reuters) – Shares of Spotify Technology SA ended up 12.9 percent on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters.

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