April 3, 2018 / 9:31 PM / 6 months ago

Spotify ends first session below opening price

SAN FRANCISCO (Reuters) - Spotify Technology SA’s (SPOT.N) shares ended their first session on the stock market at $149.01 on Tuesday, down from an opening price of $165.90.

The Spotify logo hangs inside the New York Stock Exchange as the company lists its stock with a direct listing in New York, U.S., April 3, 2018. REUTERS/Lucas Jackson

Late on Monday, the New York Stock Exchange set a reference price of $132 a share for the music streaming service, in line with recent informal trading.

Reporting by Noel Randewich; Editing by Meredith Mazzilli

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