Spotify is now worth $16 billion in private trades
The company continues to secure its place as the world's most popular music streaming service
Private trades for the Swedish streaming giant Spotify have grown to a staggering $16 billion.
According to the Financial Post, Spotify’s valuation could reach $50 Billion in just a couple of years. With over 140 million active users, shares have increased by over $3 billion dollars since June of this year which has encouraged the company to pursue a direct-listing on the New York Stock Exchange.
As the undisputed market leader in music streaming services, this new equity valuation may give the company room to expand into new businesses and geographies it has yet to explore. This valuation also gives Spotify the upper-hand when it comes to negotiating licensing deals with various music labels.
Check out some of our most recent Spotify playlists below.
Best New House // Overlooked Classics // Best New Techno // Disco Rarities
Cameron is Mixmag's US Editorial Intern. Follow him on Twitter here
Mixmag will use the information you provide to send you the Mixmag newsletter using Mailchimp as our marketing platform. You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us. By clicking sign me up you agree that we may process your information in accordance with our privacy policy. Learn more about Mailchimp's privacy practices here.
