Spotify starts trading at $165.90, up 25% on NYSE reference price

Spotify’s stock soared today after making its hotly anticipated and highly unusual debut on the public markets. The $165.90 opening price of the stock valued Spotify at around $29.5 billion, well above its most recent valuation of $19 billion. The New York Stock Exchange (NYSE) issued a reference share price yesterday of $132, translating into a […]