Spotify Could Be Planning An IPO For Later This Year

TechCrunch

Music streaming service Spotify could go public at some point in the fall of 2014, according to Quartz. Rumors of an IPO have been floating around for weeks. And there are a few signs that seem to indicate that the company is getting ready for an IPO.

In February, Reuters found an interesting job opening on the company’s website. Spotify was looking for an External Reporting Specialist to “prepare the company for SEC filing standards. Set up all reports necessary to be SEC compliant.”

Even more intriguing, the FT reported that Spotify received a $200 million credit facility from Morgan Stanley, Crédit Suisse, Deutsche Bank and Goldman Sachs.

While it is quite unusual for big banks to lend money to startups, these four big investment banks wanted to sign with Spotify to have a chance of being the underwriter when the company goes public.

Finally, Spotify recently acquired The…

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