Music valued

Music valued

Spotify-listing.png

Music streamer Spotify’s valuation now stands at an impressive $16 billion, according to recent private trades in the company – and that fugire is up $3 billion in just five months. These private investor valuations are important because Spotify is looking to offer its shares via a direct listing, rather than through a standard IPO, with the stock made available on the New York Stock Exchange and the price set by market forces (rather than by investment bankers).

The music-streaming firm has 140 million active users across more than 60 markets, of which 60 million are paying subscribers. Spotify launched on the Xbox One platform in 34 countries in August, enabling gamers can now choose Spotify music to provide a soundtrack for their gaming sessions.

Image: Spotify

Art shopped

Art shopped

alt-right to the fore