Music streaming company Spotify goes public Tuesday in a unique kind of initial public offering: Instead of offering up new shares to institutional investors, Spotify will let existing shareholders offer their holdings to the market. Investors have valued the company at around $20 billion, and it has 71 million subscribers. But it still doesn’t make any money.
Here & Now‘s Peter O’Dowd learns more about the IPO from Teddy Schleifer (@teddyschleifer), senior editor at Recode.
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