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

Spotify is done with its long-awaited “direct listing” experiment.┬áThe 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 … Continue reading Spotify traded down 10% on first day, achieved $26.5 billion market cap