Spotify music streamer went public,

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Real Estate Agent with (408) 425-1601 CA bre 1519182

                                                                             Sam Shueh

                                                                             Silicon Valley, CA

 

SPOT (tify) music streamer, went public this morning without using an underwriter or investment broker as an agent. I watched the stellar asking price at $165 dollar a share. It had no taker initially and watched the stock price getting lower throughout the day.

This reminds of a home seller FSBO who did not use an agent wanting to sell it himself to save commission money.

Does this seem to be another trend to save money?  While stocks are not like homes, they issue just so many shares.  As an investor wouldn't him want to wait until prices are more in line with other streamers?  I think the analogy is FSBO the asking price is too high and it may take awhile to tell if they are truly large capitalization like bigger players......

 

 

I sell or buy homes or business properties. If you are in need of help please feel free to contact me

at (408) 425-1601    SamShuehRealtor at Gmail.com

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Rainmaker
1,188,604
Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

Very interesting question Sam Shueh and I'm not qualified to answer it BUT it appears to be a gamble they took that had the potential to pay off big but fizzled instead.

Apr 03, 2018 12:30 PM #1
Rainmaker
3,681,828
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Sam,

I think the fact that Sotify is a 12 years old company and have never been profitable, and that it valued itself aboe $20 billion has something to do with it also.  A

Apr 03, 2018 02:55 PM #2
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Ron and Alexandra Seigel 

At the end of today 30.53M shares changed hands x $185.45=$5.661 B market cap s close to a major cap. If my math is correct only 17% of stocks are issued. Many insiders and investors are watching.... 

Apr 03, 2018 04:46 PM #3
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

SPOT sounds like many me too companies. There are many streamers.  The claim they have loyal customers. I am loyal to them so long it is free on my phone.  Wall Street has this to say.

"Now public, Spotify stands to face scrutiny from Wall Street as it tries to become profitable in an increasingly competitive music-streaming landscape. Many rivals including Apple Inc., Alphabet Inc.'s Google and Amazon.com Inc., as well as veterans such as Pandora Media Inc., are offering similar on-demand streaming services now."

Apr 03, 2018 05:05 PM #4
Rainmaker
2,732,995
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

An apt comparison...once again...the market decides ! 

Apr 04, 2018 03:16 AM #5
Rainmaker
2,964,467
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Sam. Very interesting. Let's see how this goes. Have a great day.

Apr 04, 2018 08:03 AM #6
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I download the site to my PC also. Use it to listen to the music. As long as it is free I am loyal to the site.

Check the stock prices it seems to be supported by the unconventional method of listing homes. Holding up became a Large Cap!

Apr 11, 2018 06:35 PM #7
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

$156 ...... They are lucky. But it is a well established foreign based company. 

May 12, 2018 07:29 PM #8
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Rainmaker
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Sam Shueh

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