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A comment on Spotify opens on NYSE, valuing company at almost $30B. Parent comment

Re:Spotify opens on NYSE, valuing company at almost $30B by TAForObvReasons on Tuesday April 03, 2018 @01:35PM (#16747054)
> this was a strange way to do it.

This was done partially because the company itself isn't raising money. If the company executives believed they would need a large cash cushion, they would have tried to raise some cash in the deal, so they must believe they can reverse course before the cash crunch

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Re:Spotify opens on NYSE, valuing company at almost $30B by zer00eyz on Tuesday April 03, 2018 @02:18PM (#16747527)
It wasn't about raising money - they had their hand forced by the last round of debt/equity deal that they did:

https://www.recode.net/2018/1/3/16847786/spotify-tpg-tencent...

Not that it is a great article but honestly that looks like a very messy transaction. It also looks like Spotify got the raw end of that deal. The whole thing is just crazy and I'm not sure how anyone can make sense of those numbers.

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