Saturday, April 25, 2015

Spotify on the way to the stock exchange – Swedish newspaper Svenska Dagbladet

It is Tellef Thorleifsson North Zones Norwegian fund which expresses itself in Today’s Enterprise. But he says not really very new. Asked about Appels next entry, in terms of paid streaming music, in no way alters Spotify exchange plans, he answers:

– I can not comment. It is not I who decides it, but we are no matter it is not so concerned for Apple. Apple has more his own universe and we are not preoccupied with Apple or worried about what they do.

Spotify has recently launched a major new funding round, the sixth in the series. The company wants this time to bring in 3.4 billion, including Goldman Sachs and Abu Dhabi wealth fund. The money will be used for continued expansion.

Spotify has about 60 million users but probably need to get up to over 100 million users or more to reach profitability. Spotify has never turned a profit.

Will the company into the new the billions come Spotify valued at almost 74 billion. There is a substantial increase from September last year, reports the news site Breakit. Then valued Spotify at around 40 billion.

According to several newspapers yesterday the global market for streamed music into a decisive phase in 2015. In June, Apple launches its own streaming service, while Spotify challenged by including Tidal .

SvD Business have searched Spotify without success. SvD also searched Swedish Creandum, which belongs to the owners in Spotify. The declines to comment on any stock exchange plans.

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