Spotify Debuts at New York Stock Exchange, Valued at $30 Billion
  • 6 years ago
Spotify Debuts at New York Stock Exchange, Valued at $30 B The Swedish company filed for a non-traditional IPO earlier in 2018 and opened on Tuesday at $165.60 per share. On Monday night, the New York Stock Exchange set a reference price for shares at $132 because the company did not set a price beforehand or use banks to underwrite the offering. Spotify has over 157 million users worldwide with 71 million paid subscribers. In 2017, the company reported its revenue at $5 million.
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