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Spotify prepares to go public on the New York Stock Exchange

The news website, Axios, has confirmed this in a recent report.

Swedish-based company Spotify has secretly filed documents to go public on the New York Stock Exchange. This action was done between Christmas and New Year’s Day, building the path for a public offering in the first half of the year.

Following  Axios’s report, it was later confirmed by Bloomberg as well.

This gamechanger move will allow the music stream service to make its shares available for buy, and allows worldwide demand to set the price, rather than raising money through private investment.

Spotify’s 60 million customers should provide enough cash for the official offering, Bloomberg added. No official info has been confirmed yet.

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