Spotify Has Filed For IPO [Report]
Spotify confidentially filed its IPO documents with the U.S. Security and Exchange Commission at the end of December. "All indications are that Spotify wants to list in Q1, and timing of the confidential F-1 filing would support such a calendar," reports news site Axios, citing multiple sources.
So far, Spotify has declined to comment.
Multiple sources have reported that Spotify will float a direct stock listing, avoiding much of the cost and scrutiny of a traditional IPO.
Yesterday a new $1.6 billion lawsuit was filed against the music streamer. How that will effect the timing of the IPO or investor interest is unclear.