Spotify Sets First Public Trading Date

Late last month, Spotify announced its long-awaited plans to go public, with a reported valuation of $23 billion. Now, the streaming giant has announced its first day as a publicly traded company will be April 3, as CNBC reports, with plans to forego a traditional IPO and instead engage in a rare “direct listing” on the stock market. Instead of investment companies, shares will be sold directly to The announcement was made today during the company’s live-streamed “Investor Day” presentation. Read “Spotify Goes Public: 7 Revelations From the SEC Filing.”

Read “What Spotify Going Public Could Mean for Music Fans” on the Pitch and check out our feature, “How to Be a Responsible Music Fan in the Age of Streaming.”