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Spotify's Stock Skyrockets On First Trading Day

Spotify’s stock appears to be performing well on its first day of public trading. “The $165.90 opening price of the stock valued Spotify at around $29.5 billion, well above its most recent valuation of $19 billion,” Venture Beat reports. "The New York Stock Exchange (NYSE) issued a reference share price yesterday of $132, translating into a valuation of $23.5 billion.”

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