IPO Update: Spotify Meets With Investment Banks…

We all pretty much know that Spotify is planning an IPO. First they secured a huge line of credit, then they bought their data provider.

Spotify’s recently-announced student discount is an attempt to pull in higher subscriber numbers. They also announced that Spotify apps will be coming to iOS in the near future, which suggests that the company is placing more focus on their mobile presence. Apps were previously only available on the desktop application.

Quartz has published information that suggests a Spotify IPO will take place in the very near future.

Spotify has been having informal discussion with investment banks, ones that would likely have a role in taking the music streaming service public.

Spotify declined to comment on the matter.

Image by Frits Ahlefeldt-Laurvig, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0).


When Nina Ulloa isn’t writing for DMN she’s usually reviewing music or at a show. Follow her on Twitter: @nine_u

3 Responses

  1. Nissl

    Wouldn’t touch their stock until we see how the entries from the big players (Google/Youtube, probably Apple, now Amazon as well) go.

    • TuneHunter

      As long as Obama prints 12% of the economy they can and will do it.

      There is to much cash in the system with no valid investment opportunity.

      Just look at Tweeter – Spotify might get 10B – they are in hands of the best of the best!

  2. Anonymous

    Ever noticed that Spotify’s logo is a super angry smiley?

    : (((