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In October 2016, Spotify co-founder Martin Lorentzon announced he would be stepping down as chairman and Ek would be taking over alongside his role as CEO. [13] [6] As of April 2019, Spotify has 217 million active users [14] and as of June 2017 had raised over $2.5 billion in venture funding. [15]
Spotify went public on the stock market in April 2018 using a direct public offering rather than an initial public offering. This approach is not intended to raise fresh capital, but to let investors get their returns. [56] [57] [58] Morgan Stanley is the company's slated advisor on the matter. [58]
Music streaming service Spotify on Wednesday filed for an initial public offering of up to $1 billion with the U.S. Securities and Exchange Commission.
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Music streaming giant Spotify officially announced that it has filed to go public, and is targeting a $1 billion IPO. Set to begin trading on the New York Stock Exchange under the ticker "SPOT ...
Spotify debuts, investors value company at $29.5 billion.
UPDATED, 4:02 p.m. ET: After Spotify opened with a bang in its stock-market debut Tuesday, the stock drifted down 10% — but still gave the music streamer a higher-than-expected valuation.
Popular music streaming service Spotify could be going public later this year. The company is reportedly in informal discussions with potential underwriters to file an IPO for the six-year-old ...