(Reuters) - Streaming music leader Spotify Technology SA on Tuesday filed for a direct listing of its shares worth up to $444.6 million.
In an amended filing with the U.S. Securities and Exchange Commission, the company expects shareholders to sell up to 55.7 million ordinary shares. (https://bsmedia.business-standard.combit.ly/2u77nhu)
Spotify's direct listing will let investors and employees sell shares without the company raising new capital or hiring a Wall Street bank or broker to underwrite the offering.
(Reporting by Supantha Mukherjee in Bengaluru; Editing by Shounak Dasgupta)
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