It had been rumoured for a long time that Spotify were working towards an IPO (Initial Public Offering) which could have seen them raise billions more. Spotify’s direct listing on the stock market came as a surprise to many when their plan was revealed last month. Before they went onto the market the NYSE gave Spotify a reference price of $132 per share which put their valuation at $23.5 billion, a low estimate we now know. That’s an over $10 billion rise that nearly doubles their company’s valuation thanks to the price set by the market maker before Spotify went live for trading. They opened on the NYSE with a stock value of $165.90 which instantly elevated their value from $19 billion to $29.5 billion. Since arriving yesterday Spotify’s stocks and value have soared. Past performance is a poor indicator of future performance.Spotify have made their debut on the stock market and it has rocketed their valuation skywards.Īfter rumours suggesting that Spotify were working towards an IPO for over a year they have instead just placed themselves on the New York Stock Exchange.

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Spotify stock market value