Tiger Global Among Top Spotify Holders With $1.9 Billion Stake

Chase Coleman’s firm is said to have invested $700 million
Music-streaming company rises after unusual trading debut

Monitors display Spotify Technology SA signage during the company's first day of trading on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, April 3, 2018.
Photographer: Michael Nagle/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Hema Parmar and Charles Stein

April 3, 2018 at 9:34 PM UTC

This article is for subscribers only.

Chase Coleman’s Tiger Global Management owns nearly $2 billion of Spotify Technology SA, making it one of the biggest shareholders of the music-streaming company that started trading Tuesday.

The venture capital unit of New York-based Tiger Global owns 12.8 million shares, or 7.2 percent of the company, according to a March 20 filing. The business had about $700 million invested in Spotify before it went public through a direct listing, according to a person with knowledge of the matter.