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Multi-billion dollar IPO in Spotify on the new York stock exchange was slightly shaded, because the financial institution inadvertently gave credit for the success of the Swedish start-up in the country.
Initial public offering (IPO) of the company Spotify on the new York stock exchange began with an unfortunate confusion as the NYSE tried to welcome Stockholm giant. But geography proved to be more complex than international Finance for them. Instead of the Swedish flag, Swiss flag with a white cross was installed on the building of the new York stock exchange, along with two American flags.
It did not go unnoticed by Twitter users, who noticed the error.
The new York stock exchange, which changed the flag on the day of the IPO, tried to play up the misfortune by posting a tweet comparing his neutral role with the Swiss position in international relations.
According the verge website, the NYSE also joked that the well-known music service had something to do with the confusion, tweeting, “our flag was the guy rocking his Spotify playlist is a little hard this morning and grabbed the wrong flag.” It was later removed.
Swedish American chamber of Commerce of New England not to take failures to heart and wrote an encouraging tweet, saying that the Swedish-Swiss blend-this is a common mistake.
It was as sweet as Swiss chocolate for Twitter users who were not able to ignore the error.
Despite entering in the stock market under the banner, Spotify, which finished the first day on the new York stock exchange with a valuation of 26.5 billion dollars, with the opening price of $165.90.
Sourse: sputniknews.com
