Spotify offer its shares for public subscription to raise a billion dollars

Offer music streaming service on demand of the Swedish Spotify, the request for inclusion of its shares on the New York Stock Exchange, hoping to collect a million dollars in initial public and trading shares of the company under the symbol SPOT.

And have service 71 million subscribers to its services paid in total have 159 million subscribers mainly listen to the content of free music so that they appear in the AD breaks between songs the advantages of less.

Will investors buy shares of Spotify, faster than usual due to be followed by a direct insertion because the company is not seeking a capital infusion, therefore, does not expel its shares as do a lot of corporate user customizable.

And the company’s valuation limits of $ 5 million and was recorded net losses of $ 1.5 million for last year, but the registration of the company the performance of good hand-the growth of user-driven, where the number rose by 49% during the past year alone, and Spotify top service in terms of number of users compared to adults, such as Apple, which has 36 million subscribers driven.

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0 Comments on “Spotify offer its shares for public subscription to raise a billion dollars”

  1. I travel all around the world for work, and it used to be really lonely Now I can go onto Tinder and have a date lined up in a new city before I even get out of the airport!

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