Stock prices are down 12 percent from Tuesday's debut, but have settled in between $145 and $150 for the time being.
Spotify closed its opening week on the New York Stock Exchange on Friday (April 6) with shares trading at $147.92, marking a 12.2 percent drop in share price from Tuesday's opening of $165.90 but overall hardly a disappointing showing.
Considering some swings were expected with Spotify's direct listing initial public offering -- which allowed early investors and employees to sell as many shares as they wanted -- following sell-offs on Tuesday and Wednesday, the stock found its footing between $145 and $150 per share and over Thursday and Friday remained steadily in that range.
On Friday, share prices increased 2.7 percent from Thursday, dipping as low as $144.67 and peaking at $148.73. At the closing price, Spotify is valued at over $26 billion.