About Spotify Technology
Spotify is one of the earliest and oldest streaming audio services that allows you to completely legally listen to music without downloading them to your computer. The headquarters is in Stockholm.
Revenues from sales in 2017 amounted to 4.1 billion dollars. Of these, 1.66 billion are in the US, 444 million in the UK. Everything else is for other countries, mainly Europe.
North America accounts for 32.3% of subscribers. Eurpoe accounts for 40.8%. Latin America accounts for 18.4%.
Spotify is an international brand.
Spotify shares and asset prices
Spotify shares went through an IPO on 3 April 2018. Currently traded on the New York Stock Exchange (NYSE).
In a sense, the Spotify IPO was experimental. The company abandoned the traditional set of services for its implementation, proposed by financial advisers as represented by investment banks. It ordered forecasts of the state of supply and demand at certain price levels at Morgan Stanley, but in matters of promotion, the company relies on its great popularity. Will this rate work? Let's follow.