Technology

Mideast Spotify Rival Anghami Soars on Debut After SPAC Merger

Mideast Spotify Rival Anghami Soars on Debut After SPAC Merger

Middle Eastern Spotify Technology SA rival Anghami surged as much as 82% on its Nasdaq debut following its merger with a blank-check firm, even after all but a handful of investors opted to return their shares in exchange for cash. Anghami shares opened at $17.91 on Friday, before paring some of the gains to trade around $12.

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