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# Spotify [SPOT] Stock Trading At $161.24
- URL: https://www.hypebot.com/spotify-stock-trading-at-165-29-billion-valuation/
- Published: 2018-04-03T09:00:00.000Z
- Updated: 2018-04-03T09:00:00.000Z
- Description: Spotify stock was trading in the $161.24 per share range as of 1:30 PM ET on Tuesday, with bids reaching as high as $169 That's well above the $132 reference. Continue reading [https://www.hypebot.com/hypebot/2018/04/spotify-stock-trading-at-165-29-billion-valuation.html]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Startups & Funding, Streaming, IPO, NYSE, Spotify, stock trading, #wp, #wp-post, #Import 2026-01-21 10:05

[![arrow](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb0a00d07f970d-200wi "arrow")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb0a00d07f970d-popup?ref=hypebot.com)Spotify stock was trading in the $161.24 per share range as of 1:30 PM ET on Tuesday, with bids reaching as high as $169 That's well above the $132 reference price set by the New York Stock Exchange for the streamer's opening day. If the price holds, it would value Spotify at more than $29 billion.Overall, the markets appeared to be rebounding slightly on Tuesday, after several down days,Spotify stock opened the day at $165.90 with a total of 5.6 million shares changing hands in the first trade. But analysts remain skeptical of the company's long term prospects. [Here's what they're saying.](https://www.hypebot.com/what-analysts-are-saying-about-spotify-on-eve-of-stock-offering-is-pretty-scary/)