Why Diddy And Justin Bieber Are Set To Cash In On Spotify’s IPO

Justin Bieber and Diddy: Whether or not the labels give artists any of their Spotify windfall, these two will get their cut.

Earlier this week, Spotify filed for an initial public offering — technically, a direct listing — on the New York Stock Exchange. The streaming giant released a list of all shareholders with a stake of more than 5% in the streaming giant in the process. Among the more interesting names: Sony, which negotiated a piece of the company many years ago.

Spotify’s filing revea...