|Bid||307.64 x 2200|
|Ask||308.28 x 800|
|Day's range||295.34 - 311.76|
|52-week range||109.18 - 387.44|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||N/A|
|Earnings date||27 Apr 2021 - 03 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||320.20|
The company is bringing its audio platform to a global audience.
From 1999 to 2015, revenue across the entire music industry was in a steady state of decline. Here's why DistroKid could be a massive game-changer for not only Spotify but the music industry at large. In Sept. 2018, Spotify introduced a private feature that would allow artists to bypass the labels and instead upload their music directly to Spotify.
Spotify Technology S.A. ("Spotify") (NYSE: SPOT) today announced that on February 25, 2021, its indirect subsidiary, Spotify USA Inc. ("Spotify USA"), priced its offering of $1,300,000,000 aggregate principal amount of 0% exchangeable senior notes due 2026 (the "notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The notes will be fully and unconditionally guaranteed, on a senior, unsecured basis, by Spotify. The issuance and sale of the notes are scheduled to settle on March 2, 2021, subject to customary closing conditions. Spotify USA also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $200,000,000 principal amount of notes.