According to the wire service, the Swedish streaming music startup is looking for someone with experience in U.S. financial reporting and regulatory issues, possibly in preparation for a 2015 IPO.
Reuters even cites a mystery banker as saying the offering could leave Spotify valued at $8 billion. Crazy talk!
To date, Spotify has raised $538 million in six institutional rounds of funding. With more than half a billion in venture capital under its belt — as well as 24 million monthly active users and 6 million paying subscribers — the startup wouldn’t exactly been taking the road less traveled in going public.
Also, competitor Pandora went public way back in 2011.
Check our full-length research on Spotify’s products and competitors and let us know what you think of the company’s IPO shot in the comments.
Spotify is a Swedish DRM-based music streaming service offering streaming of selected music from a range of major and independent record labels, including Sony, EMI, Warner Music Group, and Universal.[ Launched in October 2008 by Swedi... read more »
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