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RumorTT: Spotify is planning to go public in the US later this year

The rumor mill is abuzz this afternoon with whispers that Spotify is planning on taking its company public int he US later this year

| Business, Financial & Legal News | Posted: Mar 28, 2014 4:20 am

Music streaming is big business, and for companies like Spotify, that business cost money. One of the best way to raise extra funds is to let the public buy into your company, and it appears that Spotify is going to do just that. Rumors have began appearing that Spotify could be looking to take its company public before the end of the year.

 

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Back in February Reuters reported that they had came across a job listing that indicated that Spotify was looking for an External Reporting Specialist that would prepare the company for SEC filing, and compile all the reports needed to be SEC compliant. Spotify is the leader in a heavily competitive market, but does that mean that the company can sustain that number one position as companies like Google and Beats by Dre have new music streaming services that are continuing to grow in popularity? Only time will tell...

NEWS SOURCES:Techcrunch.com

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