Now that Spotify (SPOT) - Get Report has finally had it's IPO and opened at $165.90, there are more than a few things new investors will want to keep in mind before putting money behind the music-streaming service:
Forty-four percent of Spotify's 159 million monthly active users use the service daily.
Average daily usage among those users clocks in at 49 minutes.
Seventy-two percent of users are under the age of 34.
Premium subscriptions grew 46% to 71 million in 2017.
Spotify aims for 92 to 96 million premium subscriptions by the end of 2018.
Will you be streaming the stock?
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