Spotify to file $1 billion IPO

[Meanwhile + 49]

Streaming service Spotify announced its plan to go public proposing going public with a $1 billion valuation.. The company will begin trading on the New York Stock Exchange under the ticker name SPOT. According to the prospectus, investors trading Spotify’s shares in private transactions have valued the company as highly as $23 billion. The company posted a loss of $1.5 billion in 2017, $1 billion of which was from a non-recurring expense due to convertible notes from a transaction with Tencent in December 2017. It had an operating loss of $461.3 million last year, and $425.9 million in 2016.

[Stephen + 67]

With the loss widening year by year, how will Spotify compete with Apple Music. It’s going to be chaos for Spotify. 

[JohnAtronis + 78]

I don't think Spotify will succeed. Competition if high and they are still dealing with awful 2017

[李伟王芳 + 77]

22 minutes ago, Meanwhile said:

Streaming service Spotify announced its plan to go public proposing going public with a $1 billion valuation.. The company will begin trading on the New York Stock Exchange under the ticker name SPOT. According to the prospectus, investors trading Spotify’s shares in private transactions have valued the company as highly as $23 billion. The company posted a loss of $1.5 billion in 2017, $1 billion of which was from a non-recurring expense due to convertible notes from a transaction with Tencent in December 2017. It had an operating loss of $461.3 million last year, and $425.9 million in 2016.

Spot on

[Meanwhile + 49]

Well, some are concerned

https://www.marketwatch.com/story/the-spotify-ipo-filing-includes-a-giant-warning-sign-2018-02-28

[Joanna + 68]

Let's hope they start giving more of those profits to the artists

[TraderTate + 186]

4 hours ago, Meanwhile said:

Streaming service Spotify announced its plan to go public proposing going public with a $1 billion valuation.. The company will begin trading on the New York Stock Exchange under the ticker name SPOT. According to the prospectus, investors trading Spotify’s shares in private transactions have valued the company as highly as $23 billion. The company posted a loss of $1.5 billion in 2017, $1 billion of which was from a non-recurring expense due to convertible notes from a transaction with Tencent in December 2017. It had an operating loss of $461.3 million last year, and $425.9 million in 2016.

According to SafeHaven, Spotify's got one advantage over Apple: it's got a free tier for users, supported by advertising. Apple doesn't have anything free. 

https://safehaven.com/article/45014/Is-Spotify-Really-Worth-20-Billion

[LAOIL + 33]

would be nice to see the little guy win this one. so far they've done some pretty amazing things starting from absolute obscurity.

[TraderTate + 186]

This IS NOT an IPO, though. We should make that clear. They're going straight to the NYSE with their shares. That saves them a good $300 million in IPO fees. 

[李伟王芳 + 77]

Spotify’s stock will hit the New York Stock Exchange on April 3. The company will go public through an unorthodox direct listing, which doesn’t involve underwriters or require the company to sell any of its stock. Such a move is unusual for a company of Spotify’s size.

[TraderTate + 186]

Looks like they're going to do fairly well. This isn't going to be a SNAP repeat.