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Private trades value Spotify at US$16b; firm still suffering huge losses

It could be worth at least US$20b when it goes public in first or second quarter next year

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Spotify has been hailed as the undisputed market leader in music streaming by investors and venture capitalists, who cite its rapid growth in its paying users from five million in 2012 to over 60 million today.

London

PRIVATE trades in Spotify shares are valuing the music streaming company at about US$16 billion, according to people familiar with the deals, raising the prospect of a bumper flotation next year.

That is around US$3 billion higher than in similar trades up until June, the

sentifi.com

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