Spotify Rockets in Early IPO Trading, Valuing Music Streamer at Nearly $30B

Spotify opened at $165.90 per share, 25% higher than the top end of private stock sales disclosed by the company, giving a market valuation of $29.5 billion. Shares began trading on the New York Stock Exchange on Tuesday at about 12:43 p.m. ET under the ticker symbol “SPOT.” – Todd Spangler, Variety https://ift.tt/2GuK1Ih
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