* Move adds to speculation about IPO
* Senior banker says firm to be valued at $7-8 bln
* Spotify doubled revenue but registered loss in 2012
STOCKHOLM, Feb 17 (Reuters) – Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at as much as $8 billion.
Meeting U.S. Securities and Exchange Commission (SEC) standards for filing financial disclosures is essential for any firm planning to go public and bankers and lawyers said they inferred from the job ad that the company is getting ready for an initial public share offering (IPO), possibly next year.)
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One thought on “Spotify seeks to hire U.S. filings expert as bankers eye IPO | Reuters”
A company as connected and high profile as Spotify would not advertise in public the need for such a pivotal employee in their future or rather their future existence. ( Surely they are not set up to make the old fashioned way; from income. )
Surely, Golman Sachs would have a “few” recommendations.
No, rather I believe it was a pr stunt, designed to save them the money from hiring a pr firm and get the tribal drums pulsing about their impending IPO. Which I speculate is much needed given their burn rate of outside investment.
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