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Spotify’s IPO is to be avoided at all costs

Dave Edwards
Spotify’s IPO is to be avoided at all costs

Despite the growth of digital music, there are limited opportunities to invest in the market. Pandora, the pioneering online radio firm, has been the only pure-play public streaming company but its troubles have made it mostly a money-losing stock for four years. Investors will soon have another pure-play opportunity in Spotify, the Stockholm-based streaming giant…