Spotify Goes Public At $30 Billion; When Will Artists See Any Of That?

NEW YORK, USA – APRIL 3: A banner with the Spotify logo on it is seen as the company lists its stock on the New York Stock Exchange in New York, United States on April 3, 2018. (Photo by Mohammed Elshamy/Anadolu Agency/Getty Images)

Spotify made its debut on the New York Stock Exchange today, opening at a price of $165.90 per share—giving the streaming service a market cap just under $30 billion, nearly four times the company’s valuation as of its last round of funding. The move has sent the...