Streaming service Spotify will open in the United States capital

The music streaming service Spotify has recorded on Wednesday, 28, your request for a direct public offering (DPO, the acronym in English) of shares on the New York Stock Exchange. The Swedish company, founded in 2006, has more than 70 million paid subscribers and 159 million active users around the world. With the action, the company plans to raise $ $1 billion. The company's shares will be traded on the Stock Exchange under the symbol SPOT. According to technology website The Verge, the company will be listed directly, on a strategy for the offer of shares on the open market start faster, since the company intends to raise a large amount of your DPO. Direct public offerings (DPO) are unusual even in USA and made in most cases by smaller companies. The Spotify became the first major company to protocolocar a request to perform the procedure in recent years. Founded in 2008, the Swedish company is the largest global streaming music, with estimated market value U $19 billion last year. In the report, the company said it closed the year of 2017 with recipe next to $ $4.99 billion, while their losses were about $ $1.5 billion. In total, the company said have 159 million users per month and 71 million paid subscribers in December last year. The number of paid subscribers grew 46% as compared to the same period in 2016, while the number of active users rose 29%. Despite the rapid growth, Spotify has faced problems making money with your user base, since most of your recipe is used by the company to pay copyright on the reproduction of music. For now, the company makes money only with the monthly fee pays for the premium version of the service, no ads, and advertising displayed to that use the service for free. The proximity of the DPO of Spotify became more evident in January, when the Spotify hired several banks like Morgan Stanley, Goldman Sachs and Allen & Co to advise the company during the DPO.