Spotify [SPOT] $132 Reference Price Set For Debut Today

The New York Stock Exchange has set a $132 reference price for today's  Spotify stock debut.  More a guide then a rule, the actual opening price will be set just prior to today's 9:30 AM bell, based on buy and sell orders collected by the NYSE from brokers and dealers. 

Spotify's stock could hardly come at a worse time.  The markets are in the midst of a volatile downturn that has been particularly unkind to the technology sector. Analysts expect a bumpy ride at best. 

Yesterday, co-founder and CEO Daniel EK worked to downplay the importance of today's stock debut.  "We are only in the second inning — and I'm more excited than ever for the future," said Ek.  "Remember, tomorrow is just another day in our journey to fulfill our mission. Harder, better, faster, stronger."

 

 

from hypebot https://ift.tt/2GPgSXB