Spotify Falls Below Listing Price for First Time
- Recent concerns over margin growth add to internet media woes
- Spotify trails $132 per share price from April debut
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Spotify Technology SA is singing a tune reminiscent of the Monday blues.
For the first time since going public in April, shares of the world’s largest paid music streaming service closed below their $132 per share debut. Spotify fell to a record low $126.75 on Monday, before ending the day at $131.31.