Normally, companies don’t pursue a direct listing. Normally, companies spend their day doing interviews on the trading floor touting why their stock is a good investment. So while tomorrow puts us on a bigger stage, it doesn’t change who we are, what we are about, or how we operate," said co-found Daniel Ek in a statement ahead of the public listing. "Spotify is not raising capital, and our shareholders and employees have been free to buy and sell our stock for years. It took over from the old model of buying albums physically or through services like iTunes and has become the way many people listen to music. The company has shaken up the music industry by offering all the tracks you want, unlimited for a single monthly payment. They get access to 30 million different songs and a range of specially curated playlists.Įven if you don't use Spotify yourself, the chances are you've heard of it. Īt last count, the company has 140 million active users, more than 60 million of whom are paid subscribers to the Premium service. Spotify is getting ready to go public this week and some have predicted the company could be worth around $25 billion (£18 billion).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |