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owing at 2%/month vs Apple at 36M subscribers, growing at =%/month. Expected Trading Dynamics Our understanding is that on the =orning of trading, the Floor Specialist will act like a stabilizing =gent (with MS advising) normally would to help match supply and =emand. The opening is likely to be very =elayed as we
t Music =ntertainment & Tencent (holding for at least 3 yrs), who own =7.5% Majority Ownership by Founders - =aniel Elk controls 37.3% of shares and Martin Lorentzon controls 43.1% =f shares • There is language about =eneficiary shares that may be issued to founders on top of shares, but =ould be dilutive and
o coordinate calls with John Egan, BAML's =hort Analytics Specialist Expected Trading Dynamics Our understanding is that on the =orning of trading, the Floor Specialist will act like a stabilizing =gent normally would (with banks advising) to help match supply and =emand • • The opening is likely to be very =elay
nment & Tencent (holding for at least 3 yrs from 12/15/17), =ho own - 7.5% Majority Ownership by Founders - =aniel Elk controls 37.3% of shares and Martin Lorentzon controls 43.1% =f the vote. Both founders control 21% of the ordinary shares =utstanding There is language about =eneficiary shares that may be iss
oordinate calls with John Egan, BAML's Short Analytics Specialist Expected Trading Dynamics • Our understanding is that on the morning of trading, the Floor Specialist will act like a stabilizing agent normally would (with banks advising) to help match supply and demand • The opening is likely to be very delayed
ent & Tencent (holding for at least 3 yrs from 12/15/17), who own —7.5% • Majority Ownership by Founders - Daniel Elk controls 37.3% of shares and Martin Lorentzon controls 43.1% of the vote. Both founders control 21% of the ordinary shares outstanding • There is language about beneficiary shares that may be
Entities connected to both the Floor Specialist and Martin Lorentzon
Amanda
PERSON
Richard Kahn
PERSONBull/Bear Views
ORGANIZATION
Jeffrey Epstein
PERSONGlobal Markets
ORGANIZATIONVivendi
ORGANIZATIONPierce, Fenner & Smith
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Stockholm
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Tencent
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONTencent Music
ORGANIZATIONBAML Spotify Cheat Sheet
ORGANIZATIONBAML Spotify
ORGANIZATIONFinancials - Fl
ORGANIZATIONntertainment & Tencent
ORGANIZATIONSpotify & Apple Music
ORGANIZATIONLyft/Uber/Airbnb
ORGANIZATIONJohn Egan
PERSON