Spotify's IPO valuation in the U.S. reached US$13 billion in the fastest fourth quarter

according to foreign reports, sources revealed on Friday that Spotify, one of Europe's largest technology start-ups and a streaming music service provider, is expected to be listed on the Nasdaq stock market in the fourth quarter of this year or the first quarter of 2018. It is reported that Spotify is currently valued at $13 billion.

according to foreign reports, sources revealed on Friday that Spotify, one of Europe's largest technology start-ups and a provider of streaming music services, is expected to list on the Nasdaq stock market in the fourth quarter of this year or the first quarter of 2018. It is reported that Spotify is currently valued at $13 billion.

it is reported that investment banks Morgan Stanley, Goldman Sachs and Allen&Co. He is currently in charge of dealing with Spotify's initial public offering and will act as the co-underwriter of the company's IPO.

Spotify, co-founded by Swede Daniel Ek and Martin Martin Lorentzon, is one of the most valuable start-ups in Europe and a leader in the global music streaming industry. However, as tech giants such as Apple have entered the industry, they face fiercer competition and are mired in losses. Spotify completed its latest round of financing in 2015, valuing it at $8 billion. The company reported an operating loss of 184.5 million euros ($195.5 million) in 2015, up from 165.1 million euros in 2014.

if Spotify, which is valued at $13 billion, goes public, it will be the largest technology initial public offering since Snap, the parent company of Snapchat, went public in March this year.

Spotify has entered 60 markets around the world, charging users monthly fees, and its huge music library can be played on mobile phones or computers, but the company's profits depend largely on copyright agreements with powerful record labels every few years. For a long time, Spotify has been regarded by the outside world as the acquisition target of technology giants such as Facebook and Google from Silicon Valley. It was widely expected that Spotify would launch an initial public offering on the Nasdaq stock market in 2017.

Spotify currently has about 3000 employees. The company's choice of an initial public offering is expected to boost confidence among European technology companies. European technology start-ups are now more likely to sell to Silicon Valley or Chinese buyers at an early stage. Ike, co-founder of Spotify, said early last year that he had no intention of selling Spotify.

Spotify currently offers two subscription services: a free advertising support model and a fee model that strips off ads and allows you to listen offline. Spotify is not yet profitable, with more than 80 per cent of its revenue paid to record companies and artists. The company reported that Spotify's revenue in 2015 rose 80% year-on-year to $2.18 billion, with a net loss of $194 million over the same period. In 2016, Spotify revenue rose 43% to 50 million global subscribers.

if you compare the number of subscribers, Apple Music is no match for Spotify for the time being, but with a small user base, Apple can still turn decay into magic. According to data previously released by market analysis company Verto, Apple Music ranked first in streaming music services with 40.7 million unique active users in the US market in February, compared with 32.6 million and 30.4 million Pandora and Spotify active users in second and third places. Of course, this is only the data statistics of the mobile side, if you add the desktop side, the ranking may change. Despite its short launch time, Apple Music had more than 20 million subscribers as of December.

Edit: nancy