Considered to be the world’s biggest music streaming service, Spotify was reported to have filed to list its shares directly on the New York Stock Exchange which can allow investors and employees to sell their stakes.

The move is said to put the company’s valuation at around $  23 billion. UK music industry analyst at MIDiA Research Mark Mulligan says that Spotify may be letting investors cash in and let them know that they are on the right path.

The company hinted in its filing that it may be expanding into other forms of radio to grow its user base and gain market share.

Source: BBC


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