Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Music streaming service is the latest hot tech firm to hit the market
Thursday 12 Apr 2018 Author: Daniel Coatsworth

Shares in music streaming group Spotify jumped by 25.7% on their first day of dealings to $165.90, compared to its $132 initial reference price. They’ve since eased back to around the $147 level.

The company is similar to Netflix in that they both charge a monthly subscription to access media content digitally.

Spotify has a key difference in that users can access its services for free as long as they watch or listen to an advert on a regular basis. Netflix is only available to fee-paying customers.

‹ Previous2018-04-12Next ›