Music streaming service Spotify files to go public, lost $1.5 billion last year

Shares have traded as high as $132.50 on private markets which would give the company a valuation over $23 billion, per company documents.

DJIA 25,023.31 -1.52% -386.72 S&P 500 2,713.67 -1.12% -30.61 NASDAQ 7,273.01 -0.78% -57.35 MOST ACTIVE DOW NAME LAST CHG % CHG GE 14.11 -0.39 -2.69% INTC 49.29 -0.62 -1.24% AAPL 178.12 -0.27 -0.15% S&P 500 NAME LAST CHG % CHG GE 14.11 -0.39 -2.69% BAC 32.10 -0.23 -0.71% CMCSA 36.21 -0.45 -1.23% NASDAQ NAME LAST CHG % CHG CMCSA 36.21 -0.45 -1.23% MU 48.81 +0.23 0.47% INTC 49.29 -0.62 -1.24% Quotes as of 2/28/2018 4:06:30 PM ET TOP NEWS Spotify files to go public, lost $1.5 billion last year Dow closes more than 350 points lower, snaps longest monthly win streak since 1959 Dick's Sporting Goods decided on assault-rifle ban after student protests and a meeting with nuns Gun maker stocks slide after Dick's halts sales of assault rifles IRS debuts new tax withholding tool. Here's what you'll pay Bill Ackman's Pershing Square has been building a stake in United Technologies Google is trying to guess what you're asking as it gears up for voice search battle Nationwide weakness: Pending home sales drop 4.7% in January, hitting lowest point in nearly 4 years Five years after brawl with Icahn, Ackman exits losing bet against Herbalife Pizza Hut tapped as new NFL sponsor after Papa John's fallout Loup Ventures' Gene Muster says Tesla could surprise to the upside TOP VIDEO Square CFO: Blockchain will reshape how payments occur CNBC's Deirdre Bosa reports the highlights of her conversation with Square CFO Sarah Friar. SPECIAL REPORTS Activist nuns see momentum building for their fight against gun makers after Florida school shooting Dick Bove: What Powell won't say to Congress — the Fed has funding challenges Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. Send this email to a friend Unsubscribe Advertise More Newsletters Digital Products © 2018 CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632

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