Spotify have officially filed for an IPO

It’s been a rumour for some time that Spotify would aim to be listed as a publicly traded company, and this week saw the Swedish streaming company file for an IPO with the New York Stock Exchange under the symbol ‘SPOT’.

The IPO filing includes an extremely detailed overview of Spotify, mentioning founders Daniel Ek and Martin Lorentzon as owning the majority of the company which has reportedly seen private shares trade as high as $132.50, giving Spotify a valuation of around $23 Billion.

The streaming market leader now welcomes 159M monthly active users, 71M of which are premium subscribers.

Spotify said in the filing: “Our mission is to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators.”