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April 3, 2018 08:04 pm GMT

Spotify traded down 10% on first day, achieved $26.5 billion market cap

Spotify is done with its long-awaited “direct listing” experiment.The music streaming company went public without the IPO. After completing its first trade halfway through the day at $165.90, Spotify fell to $149.01, 10 percent beneath the open. It was a down day on the stock market, but at a $26.5 billion market cap, it’s up […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WwPalLVLkX8/

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