Spotify filed IPO documents with the SEC at the end of December, according to an Axios report.
Spotify is looking to make a direct listing instead of a standard IPO, which would require upfront fees and a dog-and-pony show to interest investors. Spotify has not commented on the report.
It has been long rumored that Spotify wants to hit the market in the first quarter, and securing deals with the three majors last year was seen as one of the final hurdles to the timing of the IPO. The lawsuit from Wixen for $1.6b might throw a wrench into the plans, but it may just be an added risk factor for investors to consider.
In other Spotify news:
Hello 70 million subscribers 👏
— Spotify (@Spotify) January 4, 2018
NEAR TRUTHS: REALIGNMENT AND RECOGNITION
Underscoring the year's biggest stories (11/19a)
NEAR TRUTHS: THE ELEPHANT IN THE ROOM
Nervous time in the music biz and beyond. (11/16a)
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NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
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