As Spotify plans a stock market listing, its own valuation among private investors has grown around 20% to at least US$19bil (RM77.4bil) in the past few months.
LONDON: Subscription music leader Spotify is set to capitalise next year on the rude health of the industry with a stock market flotation, even as competitors race to find fresh ways to outflank it by catering to often fickle consumer tastes.
As Spotify plans a stock market listing, its own valuation among private investors has grown around 20% to at least US$19bil (RM77.4bil) in the past few months, sources familiar with the matter told Reuters last week.
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