A price update is given on shares of Spotify before the company's direct listing on the floor of the New York Stock Exchange in New York
Spotify shares began trading on the New York Stock Exchange on Tuesday with an opening price of $165.90 per share.

The streaming music leader has structured the stock market listing to allow existing investors to sell directly to the public while offering no shares of its own, in a test case being closely watched by other well-funded multibillion-dollar tech companies with no immediate cash-raising needs.

(Reporting by Chuck Mikolajczak; editing by Jonathan Oatis)



Source: Reuters