Watch: Spotify to Go Public April 3
Spotify executives won’t ring a bell on the stock exchange, and the CEO won’t do any interviews on the trading floor. Spotify also will not rely on underwriters to help assess market demand and set an initial price for the stock. The music streaming giant filed the paperwork with the Security and Exchange Commission in February. Registered under the symbol “SPOT,” shareholders will have the opportunity to sell shares for up to a billion dollars. In its filing, Spotify revealed some of its key data points, including 159 million monthly active users with 71 million paying for the premium subscription.
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