Posted 03/27/2014 at 2:16 PM
Posted 3 years ago
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.