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.
The Good Charcoal Company offers eco-friendly, chemical-free charcoal sourced from Namibian acacia wood, promoting sustainable grilling practices nationwide.
After a few months of positive data, the Fed chair says he’s in no rush to cut rates – and this analyst says inflation could stick around for the near future.
As the DOJ potentially prepares to file criminal charges against Boeing, an industry expert breaks down what went wrong – and how it could make things right.
The Fed chair seems pleased with how far inflation has fallen, but according to this analyst, we could be waiting until 2025 to hit that crucial 2% goal.
While the Fed has made it clear that it won’t consider cutting rates until at least September, one analyst is expecting a whopping seven cuts in a row.
The NASDAQ’s Executive Vice President of Corporate Platforms breaks down why you’ll probably see a lot of companies going public in September and December.
