'Spotify is a more difficult business than people think it is': Music industry reaction to Spotify IPO

'Spotify is a more difficult business than people think it is': Music industry reaction to Spotify IPO

As Spotify shares began trading on the New York Stock Exchange, Music Week rounded up the music business reaction to its direct listing.

The stock eventually opened at $165.90 (£118) today - valuing the firm at $29.5 billion (£21bn) - more than a quarter higher than the $132 guide price set by NYSE on Monday. Based on the first day’s trading, the market valuation for the streaming giant is $26.5 billion (£18.8 billion). That’s slightly ahead of the widely predicted $25 billion (£17.8 billion) - and not too far off the market capitalisation of €27.1 billion (£23.6 billion) for Vivendi Universal.

 

Sammy Andrews, Deviate 

Father/Daughter Records

Get Cape. Wear Cape.Fly

Kieron Donoghue, Humble Angel Records

Paul Pacifico, AIM

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