Spotify could go for a stock market listing within a year. The news comes from the reuters, which cites sources familiar with the matter. This comes after one of the company’s co-founders told Swedish radio that nothing o the sort was happening.
We have been hearing reports of an impending listing. However, there have been a lot of ups and downs. Last month for instance, it was revealed that Spotify was working in association with investment banks Morgan Stanley (MS.N), Goldman Sachs Group Inc (GS.N) and Allen & Co to float its shares.
However, recently co-founder Martin Lorentzon told Swedish radio a listing was not in the plans. But, a reliable source has told reuters that the company will list on the New York stock exchange within a 12 months period.
Spotify also said that there was no guarantee that it will not list on the markets.
Martin is our co-founder and a board member, but not a spokesperson for the company. Spotify hasn’t confirmed any definitive plans to go public. It remains an option for us.
The company is currently listed at around $13 billion but has been steadily losing money.
