Spotify deals for an interest in going public, Spotify announced that artists will be able to make albums temporarily exclusive to the Premium service if they are part of Universal Music Group or Merlin Network. On 28 February 2018, Spotify filed for a direct listing on the New York Stock Exchange. Spotify's shares began trading on 3 April 2018. Spotify operates under a freemium business model (basic services are free, while additional features are offered via paid subscriptions). Spotify generates revenues by selling premium streaming subscriptions to users and advertising placements to third parties. In December 2013, the company launched a
SFM Corporate Services SFM Corporate Services SFM Corporate Services is a Dubai-headquartered financial and corporate services firm specializing in offshore company formation. The firm was founded in Geneva, Switzerland but now has its headquarters in Dubai with additional offices in Seychelles, Hong Kong, and others. SFM was founded in 2006 in Geneva, Switzerland. By 2011, the firm had opened offices in Seychelles (2009) and Hong Kong (2010) and was helping create onshore and offshore companies around the world. Prominent locations for these offshore companies included Seychelles and Cyprus. By 2012, SFM was forming companies in 15 different jurisdictions. In 2013, the company moved