Spotify went public on 3 April, with the company valued at around $26.37 billion when the markets closed. But where next for Spotify?
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Spotify opened trading on 3 April at $165.90 per share, valuing the company at $29.5 billion
It ended its first day trading at $149.01, for a market capitalisation of $26.37 billion
Instead of a traditional IPO, Spotify listed directly, joining the New York Stock Exchange (NYSE) as SPOT
Before its flotation, Spotify disclosed revenues of €4.09 billion for 2017, up from €2.95 billion in 2016, with a €378 million operating loss in 2017, up from €349 million in 2016
As of last year, Spotify had 159 million monthly active users, and 71 million premium subscribers
It claims to have nearly twice as many premium subscribers as Apple Music
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