This new figure puts Spotify in a strong position for its plans for a direct listing, which the Wall Street Journal reported could take place at some point this year. A direct listing allows the company to go public without quite going public. Instead of a public sale of shares by the company, insiders and early stockholders will be able to directly sell their shares on an exchange. The company was valued at $8.5 billion in June 2015, and with its new user numbers, company executives will have lots to tout to investors.
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With 60 million subscribers, Spotify is dominating Apple Music
Spotify's recent domination of Apple Music in one chart.
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