One day after Spotify went public There are rises and falls in the value of each of the shares, which is already common in all launches, becomes more significant when it comes to Internet-related companies, in this case with streaming music.
The firm that began trading on the New York Stock Exchange, with a price of $ 132 per share, rose dramatically in value to $ 165, but in a day already its value has dropped by 8%, remaining at $ 136,40. After the ridicule with the Swiss flag hanging instead of the Swedish, now it is up to Spotify to really defend itself in a tough but interesting market for them.
The value of the company in 29.500 million
During the launch of Spotify to the stock market, analysts placed a figure close to 30 million dollars of value for the company. The truth is that the value of the company right now is something that denotes the increase in these types of services and what they can achieve economically speaking in the coming years.
Today we can say that Spotify is the service of streaming more important with about 71 million subscribers who pay an average of $ 10 per month For its services, this figure is usually compared with another of the current streaming music services, Apple Music, in this case it does not reach 40 million subscribers but the amount of time they have been in the market is also important and Spotify beats it in this too.
In any case, the important thing now is that the entry into the stock market continues on the right track, investors bet on them and that the value of the shares does not fall too low although right now and during the first days it is a very volatile price and it can go up as it goes down more.