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: 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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