Spotify finally goes public with a valuation of nearly $24 billion

Over the past 12 years, Spotify has slowly but surely transformed from a niche service beloved by hardcore music lovers into a mainstream juggernaut with nearly 160 million users. Seeking to take the company to the next level, the Swedish-based company signaled its intention to go public this past February. With the company having been valued at $19 billion this past December, it was widely assumed that Spotify would be valued in the $22 billion to $25 billion upon going public. Earlier today, S...