Spotify wins more fans in stock market debut as shares surge
SAN FRANCISCO (AP) " Spotify picked up more fans on Wall Street on Tuesday as investors gave the unprofitable company a warm welcome in its stock market debut.After several hours of anticipation, Spotify's shares traded as high as $169 before falling back slightly. By the early afternoon, the stock was still hovering around $150 " well above its previous high of $132.50 in deals worked out during Spotify's 12-year history as a privately held company.The stock market's rousing [...]
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