Spotify stock reference price set at $132 a share, placing company valuation at $23.5 billion

Spotify, the world’s largest music streaming service, made its debut on the New York Stock Market this morning with its reference price set at $132 a share. That puts the company value at $23.5 billion, and is on target with what CNBC reported last month when shares were traded on private markets were for as high as $132.50 a share. Spotify’s last valuation was at $8.4 billion when it raised a financing round of $400 million back in 2015.
Sweden-based Spotify is available in 61 coun