Spotify paying) in December 2014, 75 million users (20 million paying) in June 2015, 30 million paying subscribers in March 2016, 40 million subscribers in September 2016, and 100 million total users in June 2016. As of November 2018, Spotify has 191 million active users, including over 87 million paying subscribers. According to "TechCrunch", Spotify was planning to launch on the stock market in 2017, but is instead planning on doing the IPO in 2018 in order to "build up a better balance sheet and work on shifting its business model to improve its margins". The value of its IPO is
Tencent Music for IPOs of around $2 Billion in USA. In December 2018 the company announced making an IPO with the total value of shares around $1,23 billion, which includes 82 millions of ADS and 164 millions onf regular shared with price around $13 - $15 for each. Tencent Music Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. Their apps, including QQ Music, Kugou, and Kuwo, have more than 700 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music