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her business from, any =ompany mentioned in the material. This material may not be distributed =utside the United States; and is intended solely for Global Markets =nstitutional clients. The material is provided for informational =urposes only and any distribution or copying of the material is =rohibited. This
nches by Sell Side Week of March 26: Trading Begins - =dvisors work with Spotify to set initial trade price • April 2 (Tentative): Options =rade Financials - Fl =iling now =ublicly available 2017 =evs: $5B & Positive FCF =133M — 5.6x trailing revs certainly possible, implying $25B+ =aluation (Vivendi — not
her business from= any company mentioned in the material. This material may not be distribut=d outside the United States; and is intended solely for Global Markets ins=itutional clients. The material is provided for informational purposes onl= and any distribution or copying of the material is prohibited4=> =s
• Week of March 26 =Tentative): Trading Begins - Advisors wor= with Spotify to set initial trade price <=pan>* April 2 (Tenta=ive): Options Trade Financials - Fl filing <https://www.sec.gov/Archives/edga=/data/1639920/000119312518063434/d494294dfl.htm#rom494294_18> now publicly ava=lable 2017 Revs: $=B & Po
her business from, any company mentioned in the material. This material may not be distributed outside the United States; and is intended solely for Global Markets institutional clients. The material is provided for informational purposes only and any distribution or copying of the material is prohibited. Alli
Side • Week of March 26 (Tentative): Trading Begins - Advisors work with Spotify to set initial trade price • April 2 (Tentative): Options Trade Financials - Fl filing <https://www.sec.gov/Archives/edgar/data/1639920/000119312518063434/d494294dfl.htmtlrom494294_18> now publicly available 2017 Revs: $58 & P
Entities connected to both Global Markets and Financials - Fl

Jeffrey Epstein
PERSON
Richard Kahn
PERSONAmanda
PERSONVivendi
ORGANIZATIONBull/Bear Views
ORGANIZATIONthe Floor Specialist
ORGANIZATION
Stockholm
LOCATION
Tencent
ORGANIZATIONJohn Egan
PERSONTencent Music Entertainment & Tencent
ORGANIZATIONMartin Lorentzon
PERSONLyft/Uber/Airbnb
ORGANIZATIONDavid Fiszel
PERSONBAML Research
ORGANIZATIONPierce, Fenner & =mith, Incorporated
ORGANIZATIONAlli, Alkesh & Mike
ORGANIZATION