Are you an investor attracted to the technology sector of the market?
If you’re somewhat familiar with the recent Cambridge Analytica scandal, your answer would most likely be NO.
Facebook has experienced a drastic decline in stock shares that have consequently pulled down other tech companies.
Until now…
A new ingredient is about to be added to the mix, which has the potential to spice this sector into the tasty investment it once was.
You may already know what I am referring to and if you guessed Spotify (SPOT)…
YOU ARE CORRECT!
The music streaming service announced its plans to go public into the New York stock exchange at the start of the second quarter and its arrival has been highly anticipated.
Not only is the company referred to as the “savior” of the music industry, but it may earn a similar title for the tech industry as well.
So why is this important to you?
After all, the tech industry isn’t a close friend or a family member, so what do you care about the role Spotify plays in it?
You care about the money it puts in your pocket!
If Spotify lives up to its potential and is able to pull the technology sector out of its current downtrend, then tech may prove to be a worthy investment.
Don’t just take my word for it though, let’s look at the numbers.
For a company that’s been active for less than a decade, Spotify has a value of approximately $20 billion, making it the biggest tech listing on U.S. markets since Facebook’s debut in 2012.
Don’t you think you deserve a portion of that?
Your investment in the tech sector can do just that!
In comparison to other digital music services, Spotify has twice as many customers as Apple and over four and a half times more than Amazon.
Spotify doesn’t just offer another option for streaming music, it basically owns it.
Considering the demand for Spotify’s service and the fact that it is able to compete with such big players of the tech industry, shows that it is here to stay.
So is Spotify really the hero the tech sector needs?
I believe so, but if the facts don’t convince you then maybe the company’s non-traditional approach to Wall Street will.
Rather than using an IPO, Spotify will go public with a DPO.
Without boring you with the details, this is important because it lets early investors receive the most benefits from the filing.
This excels the process and allows Spotify to enter the market during a time when its addition to the technology industry is needed.
Take advantage of this opportunity!
Let Spotify increase the volume and listen as the profits play like music to your ears.
