Spotify Sets Off to go Public Amidst Decrease in Growth

Spotify, the world’s largest music streaming service, has filed for a direct listing IPO, where shares can be traded on the open market sooner versus a traditional IPO layout.

Spotify has also disclosed their skeletons, noting a steep decrease in subscriber growth as well as their financial numbers, indicating trouble in financial growth.

It is said that the company could be worth around $23 Billion based on current shares traded.   With a net loss of around 1.5 billion last year, the company has been paying licensing fees to music producers, creating a rift in turning a decent profit.

 

 

 

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