Spotify is without a doubt one of the biggest streaming services in the music industry. The service has about 140 million active users, with 60 million of those being actually paying subscribers. Well, according to a recent Reuters report, the company is now being valued at $16 billion, with the number being actually $3 billion higher than when a valuation was made back in July. The report also states that the company is looking for a $20 billion valuation ahead of its planned initial public offering, that will apparently happen during the first two quarters of 2018.

Well, with this in mind, we’re actually really curious to see how things will go down for Spotify in the next few months. So, if you are just as curious as us, make sure to stay tuned for more info on this!