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Spotify Valued At $16B By Pre-IPO Trades

  • Reuters, Thursday, September 28, 2017 3:26 PM
Leading up to its public offering, streaming media giant Spotify is being valued at around $16 billion, Reuters reports. “That is around $3 billion higher than in similar trades up until June … adding strong demand for the shares and rising subscription numbers at the Swedish business meant it could be worth at least $20 billion when it goes public.”

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