Spotify Will Go Public On April 3

Spotify lands in SA

Spotify Launches Music Streaming Service In South Africa

Spotify shouldn't be too anxious though with 71 million paid subscribers, which is double Apple Music's 36 million subscribers and Amazon Music's 16 million subscribers. As part of the move, the Indian arm of the ecommerce giant signed a partnership with Saregama to stream its catalogue of 117K tracks spread over 15,000 albums on its Amazon Prime Music portal.

"Any investor who wants to buy Spotify shares will be able to do so on the exchange", the company said.

As of December 2017, Spotify has 159 million users, out of which 71 million are paid subscribers.

Spotify also will not rely on underwriters to help assess market demand and set an initial price for the stock.

Spotify is the last remaining of the big music streaming services to launch in India.

There is a lot to be said about how Apple has been handling its music streaming service. Gustav Sodorstrom spoke on three major reasons behind the company's Freemium service. Based on private transactions, it is valued at roughly $19bn, according to Reuters calculations. "The most important day isn't our listing day - but the day after and the day after that".


Spotify won't wait for the direct listing, and on March 26th will announce first quarter and 2018 guidance before markets open. These include Tesla Inc (TSLA.O) in Europe and infotainment platforms Apple CarPlay and Google Android Auto.

Again, Spotify is painting itself as a fair company that doesn't give preferential treatment to a certain type of investor.

By now being baked into a wide range of third-party hardware through the Spotify Connect program, Soderstrom says Spotify gets a more holistic understanding of its listeners.

In late February, a job posting on Spotify's website suggested the company would build its own physical product (it's unclear what that will be), but it's believed to be a smart speaker that would be a direct competitor for the Amazon Echo or Apple HomePod, according to Fast Company.

"Operating losses have grown with revenue, but the trend towards profitability is clear when you look at operating losses as a percentage of revenue", the company said in the presentation in NY. Spotify is targeting revenue growth of 25% to 35%, compared to 39% previous year when it reached 4.1 billion euros ($5 billion) in sales.

But net financing costs of €855m ($1.05bn, £755m) pushed up operating losses to €378m ($465m, £334m) from €349m ($429m, £308m).

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