Archive | new york stock exchange

Chinese music streaming platform, Tencent Music Entertainment, announces US IPO

Spotify‘s strategic partner in China, Tencent Music, has announced it will sell shares publicly on the New York Stock Exchange. The US IPO announcement was confirmed after a regulatory filing on the Hong Kong Stock Exchange. Tencent’s music division is said to be valued around $30 billion, making it as valuable as Spotify which went public […]

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Spotify stock opens at $165.90, giving streaming giant opening value of $29.5 billion

Spotify made a splash with its long-awaited debut on the public market, opening at $165.90 a share, placing the company’s valuation at $29.5 billion — up significantly from their $8.5 billion valuation back in 2015. Opening figures turned out to be considerably higher than projected numbers from last month when privately traded stocks were going […]

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