The value of music streaming service Spotify, which is planning a stock market listing, has grown around 20 percent to at least $19 billion in the past few months, outperforming U.S. and European tech indexes, sources familiar with the matter said.

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The most recent private trades in the Swedish company have taken place at above $4,000 per share according to sources.

One of the sources said the recent trades were at a record-high of $4,200, valuing the firm at $19 billion or more. That compares to around $16 billion earlier this autumn.

Spotify is aiming to file its intention to float with U.S. regulators towards the end of this year, sources said.

Also supporting perceptions of Spotify`s increasing value, Tencent`s purchase of new Spotify shares implies a valuation of $5,000 per share, one of the sources said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)