10 Key Takeaways From Spotify’s IPO Filing

The company has an accumulated deficit of approximately $3 billion

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Music-streaming giant Spotify filed its Form F-1 with the Securities and Exchange Commission Wednesday to register an initial public offering.

An IPO date has not yet been set, but Spotify’s move to sell shares directly on the New York Stock Exchange without relying on underwriters may speed up the process. The company’s stock will be traded under the ticker symbol “SPOT.”

Here are 10 key stats from Spotify’s Form F-1:

1. Spotify has a significant deficit

Spotify said it had an accumulated deficit of approximately $3 billion following “significant operating losses” of $286.7

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