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Report: Spotify eying fall IPO

Mar. 27, 2014 9:31 AM ETBy: Eric Jhonsa, SA News Editor2 Comments
  • Quartz reports Spotify has held informal talks with banks about an IPO, and could start holding formal meetings next month "in anticipation of an offering in autumn."
  • Bloomberg reported three weeks ago Spotify is working with Goldman on landing a credit facility, the type of move that's often a precursor to an IPO. Last year, the streaming music service raised funding at a reported $4B+ valuation.
  • More recently, Apple has been reported to be holding "exploratory talks" with music labels about offering a rival service. Much like Pandora in the Web radio space, Spotify has been able to hold a number of rival subscription services at bay.

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