Music streaming service Spotify files for IPO, seeks $1 bn
Music streaming service Spotify has announced it has filed for an initial public offering (IPO), seeking up to $1 billion, according to filings. The company also revealed that its 2017 revenue stood at $4.99 billion in comparison to $3.6 billion a year earlier. Founded in 2006, the company is valued at roughly $19 billion, based on private transactions.