NOW SPOTIFY IS A ‘LISTED’ COMPANY

The world’s largest digital musicstreaming company is 10 years old and has never been profitable. But its unconventional IPO – it did a direct listing – was above expectations when it debuted on NYSE with an opening price of $165.90, well above its $132 reference price. Based on the total number of shares outstanding post the listing, it has a market value of about $27.8 billion.