It’s official! Spotify has just filed to go public and it will become trade-able on the New York Stock Exchange under the symbol “SPOT”. In the official filing, among many other important details, the streaming service has announced that it currently boasts 71 million paid users and 159 million total users. The service has also revealed that in 2017, it earned €4.09 billion in revenue ($4.99 billion) and reported losses of €1.235 billion (which is $1.50 billion).
Apparently, the Spotify shares have between $90 and $132.50 so far this year on private markets. We’re looking forward to see how things will go down for the mega streaming service!
