<p><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="Markets Insider" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/5ac4d8d77a74af2d008b4624-960/screen shot 2018-04-04 at 94917 am.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span><img src="https://static-ssl.businessinsider.com/image/5ac4d8d77a74af2d008b4624-963/screen shot 2018-04-04 at 94917 am.png" border="0" alt="Screen Shot 2018 04 04 at 9.49.17 AM" data-mce-source="Markets Insider" data-link="http://markets.businessinsider.com/stocks/spot-stock" /></a><p class="source"><span><a href="http://markets.businessinsider.com/stocks/spot-stock">Markets Insider</a></span></p></div><p></p></div></div></p><ul><li><strong><a href="http://markets.businessinsider.com/stocks/spot-stock">Spotify</a> shares fell by nearly 5% in early trading Wednesday, sliding further away from their debut price. </strong></li><li><strong>The music-streaming service went public Tuesday through a s0-called direct listing that bypassed underwriters, a set supply of shares sold to specific investors, and a lock-up on existing investors.</strong></li><li><strong>At its lowest point early Wednesday, Spotify was nearly 18% below its opening price of $165.90 a share. </strong></li><li><strong>The broader stock market was also weaker on Wednesday after China announced retaliatory <a href="http://www.businessinsider.com/trump-china-tariff-product-list-trade-war-2018-4">tariffs on US exports</a>. </strong></li><li><strong><a href="http://markets.businessinsider.com/stocks/spot-stock">Track Spotify's stock in real time here</a>.</strong></li></ul>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/how-life-earth-would-change-without-moon-disappeared-2018-3">What living on Earth would be like without the moon</a></h3>        <div>            <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/u14hK9KI-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script>        </div>    </div>

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BusinessInsider

Spotify tumbles further away from its debut price after unusual direct offering

Markets InsiderSpotify shares fell by nearly 5% in early trading Wednesday, sliding further away from their debut price. The music-streaming service went public Tuesday through a s0-called direct listing that bypassed underwriters, a set supply of shares sold to specific investors, and a lock-up on existing investors.At its lowest point early Wednesday, Spotify was nearly 18% below its opening price of $165.90 a share. The broader stock market was also weaker on Wednesday after China announced retaliatory tariffs on US exports. Track Spotify's stock in real time here. NOW WATCH: What living on Earth would be like without the moon function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);

Markets InsiderSpotify shares fell by nearly 5% in early trading Wednesday, sliding further away from their debut price. The music-streaming service went public Tuesday through a s0-called direct listing that bypassed underwriters, a set supply of shares sold to specific investors, and a lock-up on existing investors.

Spotify tumbles further away from its debut price after unusual direct offering

Akin Oyedele

NOW WATCH: What living on Earth would be like without the moon

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