Spotify’s IPO Suggest It May Be Worth €23 Billion. Is It?

In its filing, Spotify says it aims to “unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators.” The firm said it had paid more than €8bn in royalties to artists, music labels, and publishers since its launch. The filing also hinted at plans to expand beyond music into other forms of radio.