Spotify Reportedly Jumps To A $19 Billion Value Ahead Of Going Public In The U.S.

Post and comment on News from the State of Florida, Region and National
Post Reply
User avatar
Kramer
Posts: 654
Joined: Sun Nov 05, 2017 7:00 am
Location: Panama City, FL
Contact:

Spotify Reportedly Jumps To A $19 Billion Value Ahead Of Going Public In The U.S.

Post by Kramer » Sun Dec 17, 2017 5:38 am

SPOTIFY, reportedly planning a stock market listing, "has grown around 20% to at least $19 billion in the past few months, outperforming U.S. and EUROPEAN tech indexes," sources familiar with the matter told REUTERS, which added the most recent private trades in the SWEDISH company have taken place at above $4,000 per share according to sources.

One of the sources told REUTERS some of the most recent trades were at a record-high of $4,200. That figure would then value SPOTIFY at $19 billion or more. That compares to around $16 billion earlier this FALL. Various sources say SPOTIFY is planning to go public in the U.S. and could make that move before the end of this year.

Image

Post Reply