It features rankings and recommendations and is available for online listening and/or downloading. Spotify’s shares started trading on April 3, 2018, with a first-day closing price of 149.01 13 percent above the reference price of 132. With no IPO price (as is the case in traditional listings. Prices vary globally, ranging from a high of 16.94 in the UK (for standard service) to much lower prices in Eastern Europe and Latin America. What are analysts forecasts for Spotify stock The 94 analysts offering price. Spotify’s IPO is unusual on several counts, namely the way it is structured (direct listing) and implemented (no new share issues). Spotify – Swedish Unicorn: Connecting artists with fans, with content in one place. direct listing is not without its shortcomings, but Spotify was able to avoid underwriting fees, dilution to existing shareholders, lockup periods, and other costs associated with a traditional IPO. According to the current price, Spotify is 83.91 away from the 52-week high. This case solution includes an Excel file with calculations. Spotify's Direct-Listing IPO Case Answers Not the questions you were looking for? Submit your own questions & get answers. Discuss how Spotify’s management having no role in the initial pricing of shares, along with the recent market turmoil around the time of the listing, may have influenced the investment decision of institutional investors.Explain whether targeting only very high-net-worth investors would be enough. 180.07 -0.12 -0.07 Investors may trade in the Pre-Market (4:00-9:30 a.m.Explain the main issues and challenges that the managers of Spotify had regarding the direct listing within the US regulatory framework and NYSE listing rules.Explain the array of going public options available to Spotify and the pros and cons of each option. The 165.90 opening price of the stock valued Spotify at around 29.5 billion, well above its most recent valuation of 19 billion.Describe the financial background and business strategy of Spotify.
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