Spotify Technology SA shares slumped Wednesday, raising questions about the potential costs of its unorthodox listing process a day after its splashy market debut.
The music-streaming company thundered onto public markets Tuesday with an opening stock price of $165.90, well above where its shares had been valued in private markets. But the stock has mostly been on a slow grind lower since then, falling as much as 9% on Wednesday before paring losses to close 3.2% lower at $144.22.
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