Spotify is going public, lost $1.5 billion in 2017
You’ll soon be able to own a little chunk of Spotify. The streaming music service filed papers with the US Securities and Exchange Commission Wednesday to become a publicly traded company. Shares will trade under the symbol SPOT.
Spotify’s filing is unique in that there’s no specific date when shares will be publicly available or a set price at which they’ll initially be traded. Spotify is working with financial services firm Morgan Stanley to set the initial price of shares based on information provided by the New York Stock Exchange—on private exchanges, shares have traded as high as $132.50.
Spotify is going public, lost $1.5 billion in 2017 was written by the awesome team at Android Police.