Spotify is listed on the NYSE. The market value of the largest music streaming service can reach 23 billion dollars

<-----sponsored ADS----->


The Spotify Online Music Service will be listed on the New York Stock Exchange, the company counting on a $ 23 billion market value in an offer that violates the classic rules

The Swedish music streaming service will list its shares directly in the market, bypassing the initial public offering, Mediafax .

Spotify also sold shares in private deals last year at prices ranging between $ 37.50 and $ 125 per share, and this year with $ 132 per share.

Based on Spotify's advanced pricing, the company's market value could range from $ 6.3 billion to more than $ 23 billion.

 Photo: Pixabay "src =" "style = "width: 640px; height: 426px; "/> </p>
<p style=

The company recorded revenues of 4 billion euros last year, up nearly 40%, from 2.95 billion euros in 2016, but suffered a loss of $ 1.2 billion.

Spotify, which launched the streaming service in 2008, is now active in 61 countries, with 159 million monthly users and 71 million subscribers paid

Source link

Check Also

Hunter Biden “I was addicted to crack for four years”

                        Joe Biden protected …

Leave a Reply

Your email address will not be published. Required fields are marked *