When Did Spotify Go Public?

Spotify went public in April 2018 by choosing a direct listing approach instead of the traditional IPO model. It went live on the New York Stock Exchange (NYSE) with the ticker symbol SPOT. 

Spotify’s reference price was $132 but opened above $165 on its first day on the NYSE. SPOT is trading at $280.37 as of 19th April 2021 with a market cap of $53.493 billion.  

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The Fundamentals Of Spotify Stock (SPOT)

1. Stock Name: Spotify Technology S.A. (SPOT)

2. Share Price: $280.37*

3. Market Cap: $53.493 Billion

4. Beta: 1.57

5. 52 Week Low: $136.62

6. 5

When Did Spotify Go Public?

Spotify went public in April 2018 by choosing a direct listing approach instead of the traditional IPO model. It went live on the New York Stock Exchange (NYSE) with the ticker symbol SPOT. 

Spotify’s reference price was $132 but opened above $165 on its first day on the NYSE. SPOT is trading at $280.37 as of 19th April 2021 with a market cap of $53.493 billion.  

Read this blog to get tips on investing in US stocks

The Fundamentals Of Spotify Stock (SPOT)

1. Stock Name: Spotify Technology S.A. (SPOT)

2. Share Price: $280.37*

3. Market Cap: $53.493 Billion

4. Beta: 1.57

5. 52 Week Low: $136.62

6. 52 Week High: $387.44

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Historical Performance Of Spotify Stock (SPOT)

Fun Fact: The name Spotify was coined as a result of a misheard word yelled out by Martin Lorentzon to Daniel Ek, the co-founders of Spotify. 

Benefits Of Spotify Stock (SPOT)

1. Spotify FY 2020 revenue of €7.8 billion in 2020 was up by more than €1 billion compared to 2019. 

2. Premium revenue grew by €1.04 billion in 2020, up by 17% year-over-year.  

3. Premium subscriptions increased by 24% in 2020. 

4. Ad-supported revenue increased by 10% to €745 million from €678 million in 2019. 

5. Spotify’s Monthly Active Users (MAUs) have grown by 26% in Europe, 17% in North America, 49% in the rest of the world.  

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Cons Of Spotify Stock (SPOT)

1. Spotify’s free cash flow went down in 2020 by approximately €257 million. 

2. Growing competition from Apple Music, Amazon Music, YouTube Music, and other audio streaming services.

5 Important Things to Keep in Mind Before Investing in US Stocks

How To Buy Spotify Stock (SPOT) From India?

The Cube Wealth app makes it easier for investors to buy Spotify stock from India. To start with, Cube helps you open a brokerage account with DriveWealth, Cube’s US brokerage partner.

Furthermore, Cube gives you access to world-class US stock advice from RIA, Rick Holbrook. Rick’s advice can help you understand whether you shou kild buy or sell the SPOT stock. 

Rick manages ~$130 million in assets for HNIs and has been in the game for 40+ years. The best part? Investors can buy US stocks from India for as low as $1 using Cube Wealth. 

Here's how you can get started:

• Download Cube Wealth
• Complete the KYC process
• Go through LRS formalities 
• Buy SPOT stock for $1
• Get selling advice 
  

Cube is simple to use, intuitive and reliable. There’s no complex dashboards, graphs, or jargon. Get The Free Cube App Now

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