Spotify Announces Plans to Go Public Early 2018

A lot has been going on with Spotify.

The music streaming service broken headlines yesterday of being sued for for $1 billion dollars after for streaming Tom Petty songs without a license or compensation.

 

Today, the company has announced their plans on going plan on going public. Spotify signed a confidential registration back in December with securities and exchange with the hope of getting shares on New York's stock, according to the New York Times.

What this means is the company will produce shares and with no money being raised and allows investors and insiders to trade their shares on the market.

Interesting right?

Read more on this story HERE.

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