Spotify entered the stock exchange and became more expensive Twitter with Snapchat

The music service Spotify first came out on   stock exchange, where he was evaluated in   $ 29.5   In this way,   part of the high cost it   immediately overtook Twitter, Snapchat and   Viacom.

Why it's interesting

First , because for   12 years of its existence, Spotify works in   loss, but   while continuing to grow in   price. Secondly , because the Swedes do not   conducted an IPO (note: the public offering of shares among new investors), and   at once   also began to trade shares on   exchange. They say that it is not   looking at   the first point, im   not   need to attract additional funding, so they wanted to democratize the   exchange.

Who overtook Spotify

When Spotify shares settled on   mark in   $ 149, the total cost of Spotify reached $ 29.5   billion. For comparison, the capitalization of Twitter is $ 21.3   In addition to Twitter, Spotify has overtaken a bunch of large companies including Sprint, Snapchat, Viacom and   CBS.

Source: The Verge