Spotify traded down 10% on first day, achieved $26.6B market cap(techcrunch.com)
techcrunch.com
Spotify traded down 10% on first day, achieved $26.6B market cap
https://techcrunch.com/2018/04/03/spotify-traded-down-10-on-first-day-achieves-26-6-billion-market-cap/
7 コメント
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...
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.