![getty.jpg](https://res.cloudinary.com/hpiynhbhq/image/upload/v1521268667/mhyiie6vktk1xvpw5mza.jpg)

Spotify finally revealed the news of Initial Public Offering (IPO) plan on 3 April. This Swedish streaming music service will begin marketing its first stock on the New York Stock Exchange.

Spotify CEO Daniel Ek confirmed the plan was interrupted by corporate inaguration with investors.

In addition to plans to release the initial stock, Spotify is also aiming for additional investors who are expected to rampng on March 26 later.

Reuters noted Spotify announced that there would be no lock-up period in the IPO plan. Thus, employees have the opportunity to immediately sell their shares. This method can prevent stock prices sagged on the sidelines of the initial sales period.

![spotify.jpg](https://res.cloudinary.com/hpiynhbhq/image/upload/v1521268682/xsphmzhhkuahzvnfxvnp.jpg)

So far it can not be predicted what the selling price of Spotify stocks when sold premier on 3 April. During the year 2018 stock prices sold have reached US $ 90 and US $ 132.50, making the value of the company to touch US $ 23.4 billion.

Currently Spotify is the ruler of the music streaming market with a market share of 42 percent and 71 million premium users. Swedish music streaming service currently has 159 million active users per month.

Services are available in 61 countries. Following Spotify, there's Apple Music with 36 million paid users. It reported that Spotify had 4.09 billion euros in revenue last year and a loss of 1.2 billion euros. [ @nanr95 ]