Music streaming service Spotify files to go public, lost $1.5 billion last year

Music streaming service Spotify files to go public, lost $1.5 billion last year

6 years ago
Anonymous $gcegwZ91io

https://www.cnbc.com/2018/02/28/spotify-files-for-ipo.html

Streaming service Spotify announced Wednesday its plan to go public.

The company will begin trading on the New York Stock Exchange under the ticker name SPOT. According to the company, shares have traded as high as $132.50 on private markets, which would give the company a valuation over $23 billion based on ordinary shares outstanding as of February 22.