Spotify is going public 🤑
Spotify is going public today in an unusual way. Instead of using a bank, they're IPOing with an uncommon funding mechanism: a direct listing. Shareholders and employees will be able to sell their equity, but Spotify isn't actually raising any new funding by issuing new shares.
Quick facts about the IPO:
The Product Hunt community loves Spotify, with dozens of integrated apps and tools to enhance your music-listening experience:
👂 Listen lets you add songs to Spotify playlists with your keyboard.
📻 JQBX is like turntable.fm (RIP).
🔈 Pacemaker+ makes it easy to DJ (it’s truly amazing).
🤔 Forgotify finds the poor songs that have never been played.
🗓️ Your 2017 Wrapped curates your favorite songs from last year.
📊 Spotify.me builds beautiful analytics about your listening habits.
🖥️ Skip Tunes lets you control Spotify from your menubar.
🎤 Find Your Best Festival finds your next favorite music festivals based on your listening history.
Discover the 20 Best Spotify products before they're public 💸
Quick facts about the IPO:
- Unlike most other executive teams, Spotify's co-founders will retain 80% of the voting power. 👀
- The mega-unicorn will trade as $SPOT.
- In the last three months of 2017, Spotify lost $7.9M every day.
The Product Hunt community loves Spotify, with dozens of integrated apps and tools to enhance your music-listening experience:
👂 Listen lets you add songs to Spotify playlists with your keyboard.
📻 JQBX is like turntable.fm (RIP).
🔈 Pacemaker+ makes it easy to DJ (it’s truly amazing).
🤔 Forgotify finds the poor songs that have never been played.
🗓️ Your 2017 Wrapped curates your favorite songs from last year.
📊 Spotify.me builds beautiful analytics about your listening habits.
🖥️ Skip Tunes lets you control Spotify from your menubar.
🎤 Find Your Best Festival finds your next favorite music festivals based on your listening history.
Discover the 20 Best Spotify products before they're public 💸
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