The music streaming service, which counts Coca Cola, Goldman Sachs and Fidelity among its investors, has reportedly started talks with investment banks over an initial public offering.
Online music streaming service Spotify has begun informal talks with investment banks over the possibility of going public in autumn of this year, Quartz has reported, citing sources familiar with the process.
Founded in Sweden in 2006, Spotify has secured from Coca Cola, Goldman Sachs, Fidelity Investments, Horizons Ventures, Creandum, Northzone, Wellington Partners, Kleiner Perkins Caufield Byers, Accel Partners, Digital Sky Technologies 137 Ventures and Lakestar. It has raised about $540m in funding and its last round, which comprised a…
