Spotify Shares Will Be Public April 3rd

Thursday, March 15th Spotify announced it is skipping the traditional IPO process and is presenting it's shares in a uniqure format called direct listing. Their shares will go public on April 3rd. According to Business Insider, "CEO Daniel Ek highlighted Spotify's potential as a tool for the music industry and artists -- which could signal to investors that the company has room to grow its product offering and revenue streams.