Music and entertainment provider Spotify Technology said its board has authorized an additional $1.5 billion for the company's share repurchase plan.
The new authorization brings the amount under the current program to about $2.22 billion, the company said.
The company has a market cap of $109.81 billion, 205.72 million shares outstanding, and a public float of 151.31 million shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.