Spotify: Don't Call it an IPO!

Spotify is poised to go public on Tuesday in what will likely be one of the biggest tech offerings this year. As of the end of 2017, the music streaming service had 159 million active users, 71 million of whom pay for subscriptions. Earlier this week the company said users could hit 96 million by the end of the year. Spotify says revenues in 2018 could be as high as $6.6 billion, a 30 percent increase from last year. But that is slower growth than 2017’s 37 percent rate. While there’s no indication of where shares will trade Tuesday, the company could be valued as high as $23 billion. And there are other reasons this isn’t your traditional IPO. Cheddar breaks down the “direct listing” and how it could go down.

More In Business

Inside Big Tech’s Earnings: How Alphabet, Amazon & Microsoft Stack Up

Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson

The Compliance Revolution: Closing the Risk Blind Spots with a 360-Degree Strategy

Goutam Nadella, Chief Product Officer at Smarsh, discusses the 360-degree view of risk in the context of compliance.

Big Business This Week: Building “deep tech” that matters

Maybe it’s not high-tech that’s the answer to improving the world, maybe it’s actually… “deep tech.”

The underdiscussed pure profit enterprise of movie rereleases

With rereleases being pure profit, why aren’t studios always doing them?

Why Consumers Are Hitting “Cancel”: Inside the Subscription Fatigue Era

Bank of America economist David Tinsley explains why streaming costs have consumers hitting cancel faster than play.

What September’s Inflation Numbers Really Mean: Insights From S&P Global

Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.

Beyond Binge-Watching: Curiosity Stream’s Vision for Intelligent Entertainment

Curiosity Stream CEO Clint Stinchcomb discusses how educational streaming and innovation are driving strong growth and audience engagement.

Using A.I. to Manage Risk on Wall Street

Patrick Palomo, Principal Solutions Architect at Smarsh, talks about working with Wall Street to deploy A.I. that helps predict and manage risk.

Big Business This Week: Will more health insurance costs hit business?

At the core of the ongoing government shutdown is a fight over the decision to end subsidies that let some 12 million Americans get health coverage.

Are theme parks determining Disney and Universal’s film slates?

Why would you make a third “Tron” movie? Unless of course you'd spent billions of dollars on a theme park ride and needed to promote it?

Load More