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Spotify shares are indicated to begin trading at between $145 and $155 per share, according to Reuters. This would give the company an initial market cap of between $25.8 billion and $27.6 billion.

Update: Reuters has now raised the range to $150-$160 per share.

Why it matters: This is higher than the NYSE reference price of $132 per share, which also was near the highest that Spotify shares had traded on private secondary exchanges through March 14. It also could be rich enough that several "on-the-fence" sellers will jump.

Report: Spotify shares may price higher than expected

Reuters report could put market cap north of $27 billion.

Spotify CEO Daniek Ek on the company's investor day.

Spotify CEO Daniel Ek on the company's investor day. Photo by Ilya S. Savenok/Getty Images.

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Spotify

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Spotify shares are indicated to begin trading at between $145 and $155 per share, according to Reuters. This would give the company an initial market cap of between $25.8 billion and $27.6 billion.<ul><li>Update: Reuters has now raised the range to $150-$160 per share.</li></ul>Why it matters: This is higher than the NYSE reference price of $132 per share, which also was near the highest that Spotify shares had traded on private secondary exchanges through March 14. It also could be rich enough that several &quot;on-the-fence&quot; sellers will jump.

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Report: Spotify shares may price higher than expected

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