Spotify files to go public


Spotify files to go public
Spotify files to go public

Spotify filed to head public on Wednesday, saying it is going to checklist its stocks at the New York Stock Alternate under the ticker symbol “SPOT.”

The music-streaming behemoth said in a Wednesday securities submitting that its stocks have traded as prime as $132.50 in private transactions, implying a marketplace price of $23 billion for the corporate, in step with CNBC.

As of December 2017, Spotify stated it had SEVENTY ONE million paying subscribers and greater than 159 million per 30 days active listeners.

That’s well prior to archrival Apple Tune, which mentioned most just lately it had 36 million subscribers.

The Swedish-primarily based corporate stated within the Wednesday filing it had $4.99 billion in revenue in 2017, up from $3.6 billion in 2016 and $2.37 billion in 2015.

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