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REPORT: SPOTIFY HAS FILED FOR AN IPO (UPDATE)

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:

BLACKOUT TUESDAY: HOW THE MAJORS RESPONDED
(6/5a)
HARLESTON, HABTEMARIAM LAUNCH UMG TASK FORCE
(6/5a)
SONY MUSIC SETS UP $100M FUND
(6/5a)
10K OPENS FUND TO AID BLACK YOUTH
(6/5a)
BLACK MUSIC MONTH: THE REVOLUTION WILL NOT BE TELEVISED
(6/5a)
WHAT NEXT?
The biz ponders action after some reflection.
GRAMMY SPECULATION
100% guaranteed to be somewhat accurate, probably.
BLACK MUSIC MONTH
...continues.
TRUMP'S IN THE BUNKER
Just to inspect it, though.
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