Early next year music-streaming service Spotify is due to mount what is arguably the greatest challenge to the Wall Street IPO machine since Google went public in 2004. Silicon Valley’s startup giants will be watching closely. Originally from Sweden, Spotify has both disrupted and revived the global music industry by convincing some 60 million subscribers to pay an average of roughly $7.80 a month for as many tunes as they can listen to through its apps. Now it wants to go public through a “direct listing” of its shares in...

Source: Wall Street Journal December 05, 2017 12:11 UTC