Budget Expectation 202634 min ago
Spotify reaches 70 million subscribers
Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half of 2018.
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Earphones are seen on a tablet screen with a Spotify logo on it, in Zenica. Image source: Reuters
Music streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday.
Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half of 2018.
Spotify is the biggest global music streaming company and counts Apple Inc
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Apple in September told Billboard magazine it has 30 million subscribers to Apple music.
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