Spotify is poised to press the play button on a stock market float that will test investors’ faith in its future prospects, amid mixed fortunes for fast-growing technology companies. Unlike most companies that float, Spotify is not issuing any new stock, which means it has not set a price for its shares in advance. The element of uncertainty could cause peaks and troughs in the price of Spotify shares, according to Laith Khalaf of stockbroker Hargreaves Lansdown. But the company is on course for fresh operating losses as large as €330m for the 2017 financial year. Tesla’s share price fall on Monday saw it fall back below Ford in terms of stock market value, having overtaken the automotive titan in April last year.

Source: The Guardian April 02, 2018 15:28 UTC