6 ms·

Spotify traded down 10% on first day, achieved $26.6B market cap

• techsupporter 8y ago
  Duplicate of: https://news.ycombinator.com/item?id=16746680 https://news.ycombinator.com/item?id=16746680
  • deleted 8y ago
    [deleted]
    • dang 8y ago
      It's not different enough to not count as the same story.
• anonu 8y ago
  Whether it traded up or down is a matter of perspective - are you comparing to the opening price (~160) or the initial indicative price (~135)... not that it matters to the guys at SPOT. Going public is a major feat in itself...
• jaweb 8y ago
  "Some on Wall Street are puzzled as to why Spotify would want to go public without raising money" I'm not sure it's that puzzling - they wanted liquidity, but don't need any more cash so don't want to dilute the existing equity. Also worth noting a stat lower down the article that's a different point of view to the "down 10%" of the headline: '$132 was used as a “reference point,” valuing the company at $23.5 billion. Since there was no IPO price, that demarcation is being used to say that Spotify traded up about 13% on its first day.' Credit to them for doing something non-typical that fits what they needed. It seems like it's gone according to plan so far.
• ssijak 8y ago
  "Buy the dip"
  • tarellel 8y ago
    The whole last 2 weeks has been a dip. I'm pondering if I should heavily invest, before the summer seasons typical uptick due to massive consumer spending.