Spotify worth close to $30bn

Spotify worth close to $30bn
 

Shares in music streaming firm Spotify have surged after trading publicly for the first time on Tuesday in one of the year's most anticipated market debuts.
The stock opened at $165.90 (£118) - more than a quarter higher than the $132 guide price set by the New York Stock Exchange on Monday.
That values the Swedish firm at about $29.5bn - far more than the $21bn value of Twitter.
The jump reflects healthy investor demand for shares in Spotify.
The company used an unconventional process to launch on public markets: instead of issuing new funds, early investors sold existing shares.
The... read more

 
3 April 2018 in Business, Views: 54
Source: BBC
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