The likes of Sony (which sold a tranche of Spotify shares in April for around $750m) and Warner, which sold all of its shares for around $500m before the end of June, looked in danger of kicking themselves. That eventuality never came to be. A $200 share price was never reached. Since that late July peak, Spotify’s share price has tumbled dramatically – falling by circa 25%, amid a sore time for tech stocks in general.
Source: Spotify has lost $9bn in market cap value in less than three months