Alanis Morissette is singing a new song, though it’s not one you’ll be hearing on Top 40 radio stations. Instead, you might be able to catch a few snippets on the Nasdaq.
Earlier this month, Morissette’s shares in San Diego-based MP3.com went way beyond platinum when the Internet music distribution company went public. The singer received options to buy more than 650,000 shares at a mere 33 cents per share as part of a three-year agreement that includes MP3.com’s promotion of her summer tour in exchange for her endorsement of the company’s Web site. Although the stock price has since settled down after rising as high as $105 per share on its first day of trading, suffice it to say the Canadian pop star stands to make a bundle on the deal.
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