The music streaming platform, whose largest shareholders include Tencent and Sony Music, will list on the New York Stock Exchange.
Sweden-based music streaming service Spotify filed for a public share offering yesterday in which its investors, which include several corporates, will be able to sell up to $1bn in shares.
Founded in 2006, Spotify runs an online streaming platform with 159 monthly active users and 71 million paying subscribers across 61 countries and territories as of the end of 2017. It made a $1.23bn net loss in from almost $4.1bn in revenue last year.
The offering will not involve…
