Spotify May Be Going Public

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Posted 3 years ago

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Spotify May Be Going PublicStreaming music service Spotify may be going public as we previously discussed.

Spotify has reportedly been involved in discussions with investment banks; formal meeting may begin in the next few months.

They have arranged a $200 million credit line with various banks recently; a strong sign that they are preparing to go public.

Spotify was created in 2008 by Daniel Ek and Martin Lorentzon, both from Sweden. Spotify’s nearest competitor is Pandora.

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