Tuesday, April 3, 2018

Spotify [SPOT] Stock Trading At $165, $29B Valuation | hypebot

arrowSpotify stock was trading in the $165 per share range as of 1PM ET on Tuesday, with bids reaching as high as $169  That's well above the $132 reference price set by the New York Stock Exchange for the streamer's opening day. If the price holds, it would value Spotify at more than $29 billion.

Spotify stock opened at $165.90 with a total of 5.6 million shares changing hands in the first trade.

But analysts remain skeptical of the company's long term prospects. Here's what they're saying.

[from https://ift.tt/1n4oGj7]

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