According to Reuters sources, private deals with Spotify shares would be evaluating the music streaming company at approximately $ 16 billion, further boosting the expectation of an initial IPO next year.
That figure is about $ 3 billion higher than what was revealed by the talks that took place in June. Responsible for this would be the high demand for the company’s shares, in addition to the increase in the number of paid subscribers. When the Swedish company decides to open its capital, it is estimated that it will be worth at least $ 20 billion.
Spotify, which already has more than 140 million active users, plans to present its public offering plan to regulators by the end of 2017, with the aim of being listed until the second quarter of 2018. The company did not comment on the subject matter.