Before Spotify started publicly trading on the New York Stock Exchange yesterday afternoon around 1pm ET, Sony owned 5.71% of shares in the company. According to a memo to shareholders from Sony Corp in Tokyo today (April 4), Sony Music sold 17.2% of this equity yesterday. That made up around 0.98% of Spotify in total.
Source: Sony Music sold 17.2% of its shares in Spotify yesterday, worth $250m+