Spotify totaled $ 30 billion after the first trading day


Spotify shares were listed on the stock exchange after the first day of trading at $ 165.90, above the opening price of $ 132, with the company's market value of $ 29.5 billion

The company did not issue new shares, which are available to private investors.

Spotify is the world leader among music streaming companies with more than 70 million subscribers paying twice as much as Apple

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Spotify also sold shares in private deals last year between $ 37.5 and $ 125 per share.

The company recorded revenues of 4 billion euros last year, up nearly 40%, from 2.95 billion euros in 2016, but suffered a loss of 1.2 billion dollars

Spotify was launched in Romania last month, with a free version and a premium based on a monthly subscription.

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