We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!
Evidence that Spotify is gunning for an IPO is growing, with a new report pegging the second half of 2017 as the target date.
A story from Bloomberg today cites “five people familiar with the plan” who confirmed the timetable for the 10-year-old company to make its public debut.
That’s not entirely surprising. As we, and others, noted earlier, when Spotify raised its last round of debt, the terms were linked to an IPO. The company also hired a director of investor relations, making an IPO within the next year or so quite likely.
Still, as the Bloomberg story notes, Spotify continues to be unprofitable and faces challenges winning the hearts and minds of Wall Street investors. While the number of listeners and subscribers to the free service continues to climb, so do royalty payments to labels and artists.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.