It had been rumoured for a long time that Spotify were working towards an IPO (Initial Public Offering) which could have seen them raise billions more. Spotify’s direct listing on the stock market came as a surprise to many when their plan was revealed last month. Before they went onto the market the NYSE gave Spotify a reference price of $132 per share which put their valuation at $23.5 billion, a low estimate we now know.

That’s an over $10 billion rise that nearly doubles their company’s valuation thanks to the price set by the market maker before Spotify went live for trading. They opened on the NYSE with a stock value of $165.90 which instantly elevated their value from $19 billion to $29.5 billion. Since arriving yesterday Spotify’s stocks and value have soared.

Please be advised to validate Spotify Technology potential upside, as well as the relationship between the accumulation distribution and price action indicator to decide if Spotify Technology performance from the past will be repeated at some point in the near future.Spotify have made their debut on the stock market and it has rocketed their valuation skywards.Īfter rumours suggesting that Spotify were working towards an IPO for over a year they have instead just placed themselves on the New York Stock Exchange. Spotify Technology has an expected return of -0.51%. Spotify Technology SA exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Our philosophy towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Even though it is essential to pay attention to Spotify Technology current price movements, it is always good to be careful when utilizing equity historical returns. However, if the market returns are negative, Spotify Technology will likely underperform. As the market goes up, the company is expected to outperform it. Let's try to break down what Spotify's beta means in this case. The entity has a beta of 1.667, which indicates a somewhat significant risk relative to the market.

Spotify stock market value