Spotify Said To File For IPO, May Change How Tech Firms Go Public

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Spotify Said To File For IPO, May Change How Tech Firms Go Public
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Music streaming firm Spotify has reportedly filed for an initial public offering. The Spotify IPO is reportedly attracting even more attention than is typical for tech firms these days because the company is seeking a direct listing rather than a traditional float.

Direct listing sought for Spotify IPO

Citing “multiple” unnamed sources, Axios reports that Spotify filed its IPO documents confidentially toward the end of December. The media outlet also states that both Wall Street and Silicon Valley are paying extra attention to the Spotify IPO because of how the company is aims to go public. According to Axios, if the direct listing ends up being successful for the streaming firm, the Spotify IPO could change the way some tech firms go public.