Spotify's stock will start trading on April 3 and the company will provide full-year financial guidance on March 26, executives said on Thursday.
Co-founder Daniel Ek told investors that the company was focused on transparency and that his plan for the future focused on: upgrading free users to premium subscribers, reaching scale on many platforms (especially smartphones, speakers and cars), and personalized data from users, who spend about 49 minutes a day on the platform on average.
Spotify's revelations come ahead of its non-traditional public listing. The music-streaming company is expected to forgo IPO traditions like underwriters and a lock-up period when it lists on the New York Stock Exchange under the ticker name SPOT.
Spotify had an operating loss of $461.3 million last year and revenue of $4.99 billion. It has 71 million paying subscribers and more than 159 million monthly active listeners (MAUs) as of December 2017. According to the company, shares have traded as high as $132.50 on private markets.
Pandora shares were down about 2 percent after the start of Spotify's investor day.