Music streaming service Spotify has revealed that it now has more than 70 million paid subscribers. Back in August of last year the company announced that it has 60 million subscribers, so it has managed to add another 10 million subscribers in the last four or five months.
The news of the latest milestone was announced in twitter by the official Spotify account, you can see the tweet from the music streaming service below.
Hello 70 million subscribers 👏
— Spotify (@Spotify) January 4, 2018
It has also been revealed recently that Spotify has started the regulatory process to list its company on the New York Stock Exchange.So we can expect the company to release an IPO this year.
The company could raise a significant amount of money with its IPO and then could use this to help the company increase its subscribers even further.
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