Want to own a chunk of Spotify? Here’s your chance

Want to own a chunk of Spotify? Here’s your chance

Spotify has garnered the attention the global music community as it prepares to list on the New York Stock Exchange …

Spotify has garnered the attention the global music community as it prepares to list on the New York Stock Exchange from April 3rd.

The Swedish music streaming service, founded in 2006 by billionaire entrepreneur, Daniel Ek, disclosed revenues a whopping €4.09 billion in 2017, up from €2.95 billion in 2016.

Having surpassed competitors such as Apple (Apple Music) and Alphabet (Google Play Music), Spotify hold a significant portion the international music streaming market, which could appeal to potential investors.

Here is where it gets slightly confusing. Rather than a traditional Initial Public Listing (IPO), Spotify have applied for a direct listing, which means that no new shares are being issued. Instead, existing shareholders will be able to sell their shares to the public for the first time, without getting a bank involved to underwrite the process.

So how much will shares in Spotify cost me? , which tracks how much shares have traded for in the private market, claims that shares cost between $132.50-$90 each in February 2018. Add a little bit more onto this figure due to the assumed increased demand and you could be looking to pay upwards $150 per Spotify share, from the public listing date.

Just quietly, how cool would the street cred from your mates be if you could say you owned a portion Spotify.

Anyway, if you are feeling bamboozled by all this economics jargon, check out online trading company IG’s Spotify prile  – Happy investing!