### Comment:
From what I can find, Spotify owns 9 percent of Tencent, which could IPO at $30bn. Spotify holds it at a valuation of $12bn as at December 2017. So 9% stake worth $1.1bn could revalue up to $2.2 - 2.6bn assuming a bit of dilution. $1b+ of upside to Spotify isn't small..  
  
 The main point around this post is that a profitable quarter could trigger bandwagoners into the stock in the short term

### REPLY:
I dunno, mkt cap of spot rt now is like 33.5bn. An additional 1bn on the books, as an irregular gain, might cause a short pop in price but shouldn’t be material. If anything short it on that pop. That’s probably what smart money would do anyway. Sell into that strength then buy back when the weak hands let go.  
  
 I shorted at 196 today tho so what do I know.

### END.