Here Comes The Spotify IPO...
"Both Twitter and Facebook did exactly the same two things before their IPOs - got their financing in order and made an important acquisition -- so speculation is rife that Spotify could be next to tap the public markets," the paper says.
The company previously advertised for a financial executive qualified to file SEC disclosures, we noted back in February. Goldman Sachs is one of the banks linked to the rumored IPO.
Spotify has raised $538 million from venture capital investors previously.
When the company files, it is likely to reveal revenues of more than the $602 million (€435 million) it generated in 2012, according to Reuters. It had a net loss of $81.62 million (€58.7 million) that year.
- Thailand is now welcoming Indians with open arms, but are its drought-hit islands really prepared for a tourism influx?
- Thoughtful gift ideas to make Mother's Day extra special
- Muslims up, Hindus down: What’s the larger picture behind India’s religious population trends?
- Scooch over magic mushrooms, toad venom could be the next big psychedelic for depression and anxiety!
- TBO Tek IPO allotment – How to check allotment, GMP, listing date and more