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Spotify not headed for public listing

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STOCKHOLM: Music streaming service Spotify is not planning a public listing, one of the Swedish company’s founders said, rejecting recent media reports to the contrary. “We have not made any headway and nothing is planned even if the media thinks it’s great fun to write about it,” Martin Lorentzon told Swedish Radio when asked about the reports of a listing. “But that’s how the media is — you need to take the media with a pinch of salt. I’m not saying it’s ‘fake news’ but about half of what the media writes is usually correct, and the other half isn’t,” he added. There have been several recent media reports that the Stockholm-based company was mulling a direct listing on the New York Stock Exchange. — DPA


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