Doing Numbers: Spotify Valued at Nearly $30 Billion Following Their NYSE Debut

Mohammed Elshamy/Anadolu Agency/Getty Images

Spotify’s Value Sky Rockets Following Going Public

On Tuesday, the Spotify opened up to the New York Stock Exchange at $165.90 a share, which puts the company’s value at $29.5 billion. According to TechCrunch, their “estimated” value translated to that of $23.5 billion, so it’s safe to say the biggest streaming platform surpassed expectations.

Spotify began trading through “direct public offering,” which allowed current...

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