The Tech industry has been the narrator of this year’s IPO environment up to date. With a relatively slow IPO market, there’s much to say about the benefits of the Private Equity market. But, no matter the slow speed of the IPO market, there is a common denominator in these year’s companies going public. That is, that the great majority of those companies come from the technology industry.
Great news for those who have purchased investment products related to Spotify: According to multiple people familiar with the company, the world’s #1 music streaming service is aiming to go public in a specific timeframe.
Since last year, there has been a lot of speculation about Spotify: specifically, whether there was a possibility of an IPO by the company. Last year Spotify hired a new CFO, Barry McCarthy, who is known for his expertise on IPOs and specifically for the IPO of Netflix.
Recently CNBC included Spotify on its list CNBC Disruptor 50 of 2016, and gave us a hint of what may be in the future for the company: